Norway Savings Bank Sells 653 Shares of Procter & Gamble Company (The) $PG

Norway Savings Bank trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,248 shares of the company’s stock after selling 653 shares during the period. Procter & Gamble accounts for 1.6% of Norway Savings Bank’s portfolio, making the stock its 19th largest holding. Norway Savings Bank’s holdings in Procter & Gamble were worth $3,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble during the 1st quarter valued at $26,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Quarry LP bought a new stake in shares of Procter & Gamble during the 1st quarter valued at $33,000. 10Elms LLP bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were 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 directly owned 319,375 shares of the company’s stock, valued at $50,228,106.25. This trade represents a 11.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares of the company’s stock, valued at $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,181 shares of company stock worth $18,918,012. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $158.02 on Friday. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The stock has a market capitalization of $369.85 billion, a P/E ratio of 24.27, a PEG ratio of 4.19 and a beta of 0.36. The firm has a fifty day simple moving average of $156.21 and a two-hundred day simple moving average of $161.90. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS 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 business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period last year, the company posted $1.40 EPS. The business’s revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.

Wall Street Analyst Weigh In

PG has been the topic of a number of research reports. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Evercore ISI reiterated an “in-line” rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.12.

Procter & Gamble Profile

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.