Rafferty Asset Management LLC Sells 42,718 Shares of Procter & Gamble Company (The) $PG

Key Points

• Rafferty Asset Management LLC has reduced its stake in Procter & Gamble by 20.9%, owning 161,693 shares worth approximately $27.56 million after the sale of 42,718 shares.
• Procter & Gamble reported earnings of $1.48 EPS for the latest quarter, surpassing expectations of $1.42, with a revenue of $20.89 billion reflecting a 1.7% increase year-over-year.
• Recently, Procter & Gamble declared a quarterly dividend of $1.0568 per share, yielding 2.7% with a reported dividend payout ratio of 64.82%.

Rafferty Asset Management LLC decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 20.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,693 shares of the company's stock after selling 42,718 shares during the quarter. Rafferty Asset Management LLC's holdings in Procter & Gamble were worth $27,556,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FORA Capital LLC bought a new position in Procter & Gamble in the first quarter valued at about $5,511,000. PKS Advisory Services LLC lifted its stake in Procter & Gamble by 7.4% in the 1st quarter. PKS Advisory Services LLC now owns 1,885 shares of the company's stock valued at $321,000 after purchasing an additional 130 shares during the last quarter. Harvest Portfolios Group Inc. boosted its position in Procter & Gamble by 3.4% in the first quarter. Harvest Portfolios Group Inc. now owns 115,879 shares of the company's stock valued at $19,748,000 after buying an additional 3,839 shares in the last quarter. Widmann Financial Services Inc. grew its stake in shares of Procter & Gamble by 2.2% during the first quarter. Widmann Financial Services Inc. now owns 14,915 shares of the company's stock worth $2,542,000 after buying an additional 323 shares during the last quarter. Finally, Potomac Fund Management Inc. ADV boosted its holdings in shares of Procter & Gamble by 12.7% during the 1st quarter. Potomac Fund Management Inc. ADV now owns 10,864 shares of the company's stock valued at $1,801,000 after acquiring an additional 1,225 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the sale, the chief operating officer owned 28,036 shares of the company's stock, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock worth $18,918,012 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 1.0%

Shares of PG stock traded up $1.48 during mid-day trading on Friday, hitting $157.13. The company's stock had a trading volume of 5,317,408 shares, compared to its average volume of 6,701,783. The company has a market cap of $368.07 billion, a PE ratio of 24.14, a P/E/G ratio of 4.11 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company's fifty day simple moving average is $156.55 and its 200-day simple moving average is $162.55. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's payout ratio is currently 64.98%.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. BNP Paribas reissued an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $175.12.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.