Metis Global Partners LLC Sells 13,141 Shares of Procter & Gamble Company (The) $PG

Metis Global Partners LLC lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,049 shares of the company’s stock after selling 13,141 shares during the period. Metis Global Partners LLC’s holdings in Procter & Gamble were worth $19,126,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in Procter & Gamble in the first quarter valued at about $26,000. Signature Resources Capital Management LLC boosted its position in Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares during the period. Quarry LP bought a new stake in Procter & Gamble during the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble during the second quarter valued at $37,000. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Shailesh Jejurikar sold 13,039 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the sale, the chief executive officer owned 319,375 shares of the company’s stock, valued at $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 150,488 shares of company stock worth $23,529,718 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Dbs Bank upgraded Procter & Gamble to a “moderate buy” rating in a research report on Tuesday, October 28th. UBS Group decreased their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research report on Monday, October 27th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.53.

Procter & Gamble Stock Up 0.5%

PG stock opened at $146.90 on Friday. The business has a 50 day moving average of $152.93 and a 200 day moving average of $157.16. The firm has a market cap of $343.28 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $144.46 and a twelve month high of $180.43. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s payout ratio is presently 61.61%.

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.