Procter & Gamble Company (The) $PG Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,267 shares of the company’s stock after selling 1,189 shares during the quarter. Parallel Advisors LLC’s holdings in Procter & Gamble were worth $10,080,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Accelerate Investment Advisors LLC lifted its holdings in Procter & Gamble by 10.0% during the 2nd quarter. Accelerate Investment Advisors LLC now owns 1,629 shares of the company’s stock worth $260,000 after buying an additional 148 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in Procter & Gamble by 5.5% during the 2nd quarter. Wesbanco Bank Inc. now owns 268,416 shares of the company’s stock worth $42,764,000 after buying an additional 14,025 shares in the last quarter. Somerset Trust Co lifted its holdings in Procter & Gamble by 1.0% during the 2nd quarter. Somerset Trust Co now owns 21,453 shares of the company’s stock worth $3,418,000 after buying an additional 203 shares in the last quarter. Enterprise Bank & Trust Co lifted its holdings in Procter & Gamble by 2.9% during the 2nd quarter. Enterprise Bank & Trust Co now owns 11,361 shares of the company’s stock worth $1,810,000 after buying an additional 321 shares in the last quarter. Finally, First Citizens Financial Corp lifted its holdings in Procter & Gamble by 5.9% during the 2nd quarter. First Citizens Financial Corp now owns 3,882 shares of the company’s stock worth $618,000 after buying an additional 218 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PG. Wells Fargo & Company reduced 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. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. Evercore ISI restated an “in-line” rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.12.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $158.02 on Monday. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a 50-day simple moving average of $156.21 and a 200-day simple moving average of $161.77. The company has a market cap of $369.85 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. Procter & Gamble’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio is currently 64.82%.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 9,554 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the transaction, the chief executive officer directly owned 41,886 shares in the company, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the firm’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 $1,431,157.00. Following the completion of the transaction, the chief executive officer owned 27,295 shares in the company, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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.