Atwater Malick LLC Lowers Stock Position in Procter & Gamble Company (The) $PG

Atwater Malick LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 16.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,137 shares of the company’s stock after selling 8,343 shares during the period. Procter & Gamble accounts for approximately 1.7% of Atwater Malick LLC’s holdings, making the stock its 18th biggest holding. Atwater Malick LLC’s holdings in Procter & Gamble were worth $6,039,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at $25,000. Maseco LLP acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $28,000. Saranac Partners Ltd acquired a new stake in shares of Procter & Gamble in the third quarter worth $30,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble in the third quarter worth $32,000. Finally, Caitlin John LLC acquired a new stake in shares of Procter & Gamble in the third quarter worth $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble News Roundup

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

• Positive Sentiment: Investor rotation into reliable, dividend-bearing consumer names could support PG as investors move away from more volatile AI/tech bets. The “Great Rotation” Out of Artificial Intelligence (AI) Stocks Has Arrived. Here’s What Smart Money Is Buying Instead.
• Neutral Sentiment: Management shakeups and weakness at peer Conagra may influence sentiment across packaged-foods stocks but are not specific to PG’s fundamentals; Conagra named John Brase as CEO (effective June 1) and its shares fell on the news. Conagra Brands appoints former JM Smucker exec John Brase as CEO Conagra stock falls after the company names new CEO Conagra Hires John Brase to Replace Sean Connolly as President, CEO Slim Jim Maker Conagra Replacing CEO After 60% Stock Slide
• Negative Sentiment: Reporting notes Texas consumer-product probes now include Procter & Gamble, raising short-term regulatory and reputational risk headlines that can pressure the stock. Lululemon Stock Falls After Texas Opens PFAS Investigation Into Apparel
• Negative Sentiment: Bank of America cut its price target on PG to $167, a visible analyst move that often prompts selling and weighs on intraday sentiment. Bank of America Cuts Procter & Gamble (NYSE:PG) Price Target to $167.00
• Negative Sentiment: MarketWatch highlighted PG underperforming peers on Monday, reinforcing the narrative of near-term relative weakness in the stock. Procter & Gamble Co. stock underperforms Monday when compared to competitors
• Negative Sentiment: Smaller analyst actions are already showing market impact: coverage noted PG trading down after a recent analyst downgrade. Procter & Gamble (NYSE:PG) Trading Down 1% Following Analyst Downgrade

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group dropped their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Rothschild & Co Redburn increased their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.89.

Procter & Gamble Trading Down 1.0%

NYSE:PG opened at $143.66 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $152.85 and its two-hundred day moving average is $149.15. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $171.65. The company has a market cap of $333.87 billion, a PE ratio of 21.28, a P/E/G ratio of 5.11 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. On average, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction on Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the sale, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the sale, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This trade represents a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,618 shares of company stock worth $55,462,643 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

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.