Saturday, June 25, 2022

Insider Selling: Moeller Jon R, The Procter & Gamble Company [PG] President and CEO divested 81 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Procter & Gamble Company shares valued at $12,903 were sold by Moeller Jon R on Apr 27. At $159.30 per share, Moeller Jon R sold 81 shares. The insider’s holdings dropped to 34,426 shares worth approximately $4.77 million following the completion of this transaction.

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Also, Janzaruk Matthew W. sold 334 shares, netting a total of over 54,252 in proceeds. Following the sale of shares at $162.43 each, the insider now holds 1,220 shares.

Before that, Taylor David S had sold 30,000 shares from its account. In a trade valued at $4,884,810, the Executive Chairman traded The Procter & Gamble Company shares for $162.83 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $35.17 million.

As published in their initiating research note from Raymond James on April 08, 2022, The Procter & Gamble Company [PG] has been an Outperform and the price target has been revised to $175. This represents a 20.86% premium over Wednesday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 22, 2022, Truist has increased its “Hold” rating to a “Buy” for PG.

Analyzing PG’s Price Performance

On Wednesday, The Procter & Gamble Company [NYSE: PG] rose 1.56% to $138.50. The stock’s lowest price that day was $135.67, but it reached a high of $139.69 in the same session. During the last five days, there has been a surge of approximately 3.48%. Over the course of the year, The Procter & Gamble Company shares have dropped approximately -15.33%. Shares of the company reached a 52-week high of $165.35 on 01/21/22 and a 52-week low of $129.50 on 06/15/22. A 50-day SMA is recorded $150.44, while a 200-day SMA reached $151.23. Nevertheless, trading volume fell to 8.37 million shares from 9.02 million shares the previous day.

Support And Resistance Levels for The Procter & Gamble Company (PG)

According to the 24-hour chart, there is a support level at 136.22, which, if violated, would cause prices to drop to 133.93. In the upper region, resistance lies at 140.24. The next price resistance is at 141.97. RSI (Relative Strength Index) is 41.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.25, which suggests the price will decrease in the coming days. Percent R is at 50.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is The Procter & Gamble Company subject to short interest?

Stocks of The Procter & Gamble Company saw a sharp rise in short interest on Apr 28, 2022 jumping by 2.8 million shares to 15.43 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 12.63 million shares. A jump of 18.15% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.08 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.08.

Which companies own the most shares of The Procter & Gamble Company (PG)?

According to The Vanguard Group, Inc. filings, the company currently owns 207,828,500 shares, which is about 8.66% of the total PG shares outstanding. The investor’s shares have appreciated by 2,646,029 from its previous 13-F filing of 205182471.0 shares. With the completion of the buy, BlackRock Fund Advisors’s stake is now worth $15,960,229,972. SSgA Funds Management, Inc. acquire a 0.11% interest valued at $15.61 billion while Wellington Management Co. LLP sold a -499,365 stake. A total of 586,802 shares of The Procter & Gamble Company were sold by Geode Capital Management LLC during the quarter, and -431,956 were sold by Northern Trust Investments, Inc. In its current portfolio, Norges Bank Investment Management holds 22,781,531 shares valued at $3.37 billion.

In terms of The Procter & Gamble Company share price expectations, FactSet research, analysts set an average price target of $166.95 in the next 12 months, up nearly 20.99% from the previous closing price of $136.37. Analysts anticipate The Procter & Gamble Company stock to reach $185.00 by 2022, with the lowest price target being $145.00. In spite of this, 25 analysts ranked The Procter & Gamble Company stock as an Overweight at the end of 2022. On October 04, 2021, Deutsche Bank assigned a price target of “a Buy” to the stock and reiterated coverage with a $163.

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