Intech Investment Management LLC Sells 24,233 Shares of Procter & Gamble Company (The) $PG

Intech Investment Management LLC reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,379 shares of the company’s stock after selling 24,233 shares during the quarter. Intech Investment Management LLC’s holdings in Procter & Gamble were worth $19,816,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in Procter & Gamble in the first quarter valued at about $26,000. Signature Resources Capital Management LLC raised its stake in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP acquired a new position in shares of Procter & Gamble in the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $34,000. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble during the 2nd quarter valued at $37,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 34,978 shares of the company’s stock, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. The trade was a 18.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 150,489 shares of company stock worth $23,529,864 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PG has been the topic of several research analyst reports. Barclays decreased their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. UBS Group decreased their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Bank of America dropped their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. BNP Paribas Exane decreased their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $171.53.

Procter & Gamble Price Performance

Shares of PG stock opened at $147.71 on Friday. The firm’s 50 day moving average price is $151.83 and its two-hundred day moving average price is $156.61. The stock has a market cap of $345.16 billion, a PE ratio of 21.56, a PEG ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $144.09 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71.

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

Procter & Gamble Announces Dividend

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