Procter & Gamble Company (The) $PG Shares Sold by AGP Franklin LLC

AGP Franklin LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 81.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,775 shares of the company’s stock after selling 16,360 shares during the quarter. AGP Franklin LLC’s holdings in Procter & Gamble were worth $580,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at $25,000. Corundum Trust Company INC purchased a new position in Procter & Gamble in the third quarter valued at $32,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble in the second quarter valued at $34,000. RMG Wealth Management LLC purchased a new stake in Procter & Gamble during the 2nd quarter worth about $37,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the transaction, the chief accounting officer directly owned 979 shares of the company’s stock, valued at $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 96,629 shares of company stock valued at $14,604,323 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Down 0.7%

Shares of Procter & Gamble stock opened at $148.49 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.51 and a current ratio of 0.72. The company has a market capitalization of $345.09 billion, a P/E ratio of 22.00, a PEG ratio of 4.96 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $179.99. The company’s fifty day moving average is $144.83 and its two-hundred day moving average is $150.37.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.10%. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is presently 62.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Raymond James Financial cut their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Barclays set a $155.00 price objective on shares of Procter & Gamble in a research note on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Get Our Latest Research Report on Procter & Gamble

Procter & Gamble Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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