United Services Automobile Association Trims Stake in Procter & Gamble Company (The) $PG

Key Points

• United Services Automobile Association reduced its stake in Procter & Gamble by 12.3%, now owning 302,674 shares, which represents 1.6% of its investment portfolio.
• Insider selling has occurred recently, with CEO Jon R. Moeller and CFO Andre Schulten selling shares amounting to over $8 million collectively, indicating a potential shift in confidence from executives.
• Procter & Gamble's latest quarterly earnings topped estimates, reporting $1.48 EPS on revenues of $20.89 billion, reflecting a year-over-year revenue increase of 1.7%.

United Services Automobile Association reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 302,674 shares of the company's stock after selling 42,501 shares during the quarter. Procter & Gamble makes up approximately 1.6% of United Services Automobile Association's investment portfolio, making the stock its 11th biggest position. United Services Automobile Association's holdings in Procter & Gamble were worth $50,858,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PG. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth about $31,000. Quarry LP purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at about $33,000. 10Elms LLP bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Sunbeam Capital Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. boosted its stake in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the sale, the chief executive officer owned 319,375 shares in the company, valued at $50,228,106.25. This represents a 11.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andre Schulten sold 11,638 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares of the company's stock, valued at approximately $8,279,007.34. This represents a 18.11% 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 in the last quarter. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. BNP Paribas restated an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, Evercore ISI restated an "in-line" rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. One investment 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.12.

Procter & Gamble Stock Performance

PG opened at $160.08 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm's 50-day moving average price is $156.41 and its 200 day moving average price is $162.21. The firm has a market capitalization of $374.65 billion, a PE ratio of 24.59, a PEG ratio of 4.22 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly 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 business 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 company's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble's payout ratio is presently 64.98%.

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.

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