Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Procter & Gamble Company shares valued at $1,517,962 were sold by Grabowski Mary Theresa on Aug 26. At $146.00 per share, Grabowski Mary Theresa sold 10,397 shares. The insider’s holdings dropped to 4,353 shares worth approximately $0.59 million following the completion of this transaction.
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Also, Davis Jennifer L. sold 27,809 shares, netting a total of over 4,114,342 in proceeds. Following the sale of shares at $147.95 each, the insider now holds 32,895 shares.
Before that, Coombe Gary A had sold 12,930 shares from its account. In a trade valued at $1,929,285, the CEO – Grooming traded The Procter & Gamble Company shares for $149.21 each. Upon closing the transaction, the insider’s holdings decreased to 12,930 shares, worth approximately $4.02 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 22.17% premium over Thursday’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 Thursday, The Procter & Gamble Company [NYSE: PG] rose 0.35% to $136.21. The stock’s lowest price that day was $135.24, but it reached a high of $137.07 in the same session. During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, The Procter & Gamble Company shares have dropped approximately -16.73%. 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 $142.74, while a 200-day SMA reached $150.88. Nevertheless, trading volume fell to 5.05 million shares from 6.41 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 135.28, which, if violated, would cause prices to drop to 134.34. In the upper region, resistance lies at 137.11. The next price resistance is at 138.00. RSI (Relative Strength Index) is 38.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.32, which suggests the price will decrease in the coming days. Percent R is at 85.21%, indicating bearish price movement. Stochastics %K at buying 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 steep in short interest on Jul 14, 2022 dropping by -4.0 million shares to 13.56 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 17.56 million shares. A decline of -29.5% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.76 of the overall float, the days-to-cover ratio (short ratio) decline to 1.76.
Which companies own the most shares of The Procter & Gamble Company (PG)?
According to The Vanguard Group, Inc. filings, the company currently owns 212,326,200 shares, which is about 8.89% of the total PG shares outstanding. The investor’s shares have appreciated by 4,497,700 from its previous 13-F filing of 207828500.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $15,419,979,613. SSgA Funds Management, Inc. reduced a -1.53% interest valued at $14.34 billion while Geode Capital Management LLC purchased a 1,619,030 stake. A total of -5,696,730 shares of The Procter & Gamble Company were bought by Wellington Management Co. LLP during the quarter, and 46,322 were bought by Northern Trust Investments, Inc.. In its current portfolio, Norges Bank Investment Management holds 22,781,531 shares valued at $3.14 billion.
In terms of The Procter & Gamble Company share price expectations, FactSet research, analysts set an average price target of $156.97 in the next 12 months, up nearly 15.3% from the previous closing price of $135.73. Analysts anticipate The Procter & Gamble Company stock to reach $180.00 by 2022, with the lowest price target being $125.00. In spite of this, 24 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.