Wedmont Private Capital Sells 7,231 Shares of Procter & Gamble Company (The) $PG

Key Points

• Wedmont Private Capital reduced its holdings in Procter & Gamble by 17.2% during the second quarter, selling 7,231 shares and leaving them with 34,815 shares valued at $5,484,000.
• Insider trading activity has been significant, with CEO Ma. Fatima Francisco selling 9,100 shares, lowering her stake by 25%, while other insiders also sold over 120,000 shares in the last 90 days.
• Procter & Gamble reported a 1.7% year-over-year revenue increase for the last quarter, with earnings per share of $1.48, surpassing analyst expectations.

Wedmont Private Capital decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,815 shares of the company's stock after selling 7,231 shares during the period. Wedmont Private Capital's holdings in Procter & Gamble were worth $5,484,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PG. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble during the first quarter worth $26,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at $31,000. Quarry LP bought a new position in Procter & Gamble in the first quarter valued at $33,000. 10Elms LLP bought a new position in Procter & Gamble in the fourth quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. grew its stake in shares of Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 0.7%

Shares of NYSE PG traded down $1.17 during trading hours on Friday, hitting $156.15. The company's stock had a trading volume of 17,159,888 shares, compared to its average volume of 5,803,375. 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 stock has a market cap of $365.47 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 4.15 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The business has a 50-day simple moving average of $156.16 and a 200-day simple moving average of $161.37.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share 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 analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the sale, the chief executive officer directly owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. The trade was a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,181 shares of company stock worth $18,918,012. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PG shares. Wells Fargo & Company reduced their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $173.94.

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.