Birmingham Capital Management Co. Inc. AL decreased its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,122 shares of the company’s stock after selling 3,350 shares during the quarter. Procter & Gamble accounts for approximately 2.8% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 8th biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Procter & Gamble were worth $7,349,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Quarry LP bought a new stake in Procter & Gamble during the 1st quarter valued at $33,000. 10Elms LLP bought a new stake in Procter & Gamble during the 4th quarter valued at $34,000. Sunbeam Capital Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. increased its holdings in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the period. Institutional investors own 65.77% of the company’s stock.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares of the company’s stock, valued at $8,279,007.34. This represents a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is currently owned by company insiders.
Procter & Gamble Stock Performance
Procter & Gamble (NYSE:PG – Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $20.79 billion. During the same period in the prior year, the business posted $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. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.
Wall Street Analysts Forecast Growth
PG has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.12.
Read Our Latest Stock Report on PG
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.
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