Procter & Gamble Company (The) $PG Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.0% in the second quarter, Holdings Channel.com reports. The fund owned 2,317,146 shares of the company’s stock after selling 22,301 shares during the period. Procter & Gamble makes up about 3.3% of Johnson Investment Counsel Inc.’s holdings, making the stock its 5th largest holding. Johnson Investment Counsel Inc.’s holdings in Procter & Gamble were worth $369,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stableford Capital II LLC raised its position in Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock worth $993,000 after acquiring an additional 61 shares during the last quarter. Bernard Wealth Management Corp. raised its holdings in Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock valued at $64,000 after acquiring an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock valued at $476,000 after acquiring an additional 63 shares during the last quarter. Private Management Group Inc. increased its position in Procter & Gamble by 4.8% during the first quarter. Private Management Group Inc. now owns 1,384 shares of the company’s stock worth $236,000 after purchasing an additional 64 shares during the last quarter. Finally, Lantz Financial LLC increased its holdings in shares of Procter & Gamble by 1.2% during the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock worth $834,000 after buying an additional 64 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction dated Thursday, August 21st. The stock was 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 directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction that occurred on 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 transaction, the chief executive officer owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by company insiders.

Procter & Gamble Stock Down 0.6%

PG stock opened at $149.69 on Friday. Procter & Gamble Company has a twelve month low of $149.45 and a twelve month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $350.34 billion, a P/E ratio of 22.99, a PEG ratio of 3.97 and a beta of 0.36. The firm has a 50 day simple moving average of $155.24 and a 200-day simple moving average of $159.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on PG. BNP Paribas Exane dropped their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. BNP Paribas reiterated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. UBS Group lowered 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday. Eleven 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.21.

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.