Rep. Richard McCormick Sells Off Procter & Gamble Company (The) (NYSE:PG) Stock

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Procter & Gamble shares from his Growth Partners Roth IRA on July 30, alongside similarly sized sales of nine other stocks.
• Procter & Gamble shares opened at $143.03, down 1.1%, after the company reported quarterly EPS of $1.43, slightly above expectations, while revenue rose 1.5% year over year but missed estimates.
• P&G paid a quarterly dividend of $1.0885 per share, equivalent to a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $161.52.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Procter & Gamble Company The) (NYSE: PG. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Procter & Gamble stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.

Procter & Gamble Stock Down 1.1%

Shares of Procter & Gamble stock opened at $143.03 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The stock has a market capitalization of $332.46 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 4.45 and a beta of 0.39. The company's 50 day moving average price is $148.13 and its 200-day moving average price is $148.85.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio is 65.71%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. Argus downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Evercore set a $162.00 target price on Procter & Gamble in a research note on Monday, April 27th. BMO Capital Markets upped their price target on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. TD Cowen increased their price objective on Procter & Gamble from $142.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, April 27th. Finally, Barclays lifted their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.52.

Institutional Trading of Procter & Gamble

Hedge funds have recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth about $26,000. Litman Gregory Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $26,000. Park Square Financial Group LLC boosted its stake in Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Finally, Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About Procter & Gamble

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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