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 $61,692 were sold by Whaley Susan Street on Feb 03. At $141.82 per share, Whaley Susan Street sold 435 shares. The insider’s holdings dropped to 10,840 shares worth approximately $1.52 million following the completion of this transaction.
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Also, Raman Sundar G. sold 9,922 shares, netting a total of over 1,438,690 in proceeds. Following the sale of shares at $145.00 each, the insider now holds 12,312 shares.
Before that, Raman Sundar G. had sold 14,922 shares from its account. In a trade valued at $2,083,130, the CEO-Fabric & Home Care traded The Procter & Gamble Company shares for $139.60 each. Upon closing the transaction, the insider’s holdings decreased to 14,922 shares, worth approximately $1.72 million.
As published in their initiating research note from Citigroup on February 17, 2023, The Procter & Gamble Company [PG] has been a Buy and the price target has been revised to $160. This represents a 12.47% premium over Thursday’s closing price. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of October 10, 2022, Goldman has decreased its “Buy” rating to a “Neutral” for PG. Earlier on April 08, 2022, Raymond James initiated its rating. Their recommendation was “an Outperform” for PG stock.
Analyzing PG Stock Performance
On Thursday, The Procter & Gamble Company [NYSE: PG] plunged -0.32% to $140.05. The stock’s lowest price that day was $139.10, but it reached a high of $141.14 in the same session. During the last five days, there has been a surge of approximately 0.78%. Over the course of the year, The Procter & Gamble Company shares have dropped approximately -7.59%. Shares of the company reached a 52-week high of $154.80 on 01/09/23 and a 52-week low of $135.83 on 02/10/23. A 50-day SMA is recorded $146.02, while a 200-day SMA reached $142.24. Nevertheless, trading volume fell to 5.83 million shares from 6.13 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 139.05, which, if violated, would cause prices to drop to 138.06. In the upper region, resistance lies at 141.09. The next price resistance is at 142.14. RSI (Relative Strength Index) is 44.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 44.11%, 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 steep in short interest on Jan 12, 2023 dropping by -2.95 million shares to 11.97 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 14.92 million shares. A decline of -24.64% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.83 of the overall float, the days-to-cover ratio (short ratio) decline to 1.83.
Which companies own the most shares of The Procter & Gamble Company (PG)?
According to The Vanguard Group, Inc. filings, the company currently owns 215,577,472 shares, which is about 9.14% of the total PG shares outstanding. The investor’s shares have appreciated by 1,061,704 from its previous 13-F filing of 214515768.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $15,764,328,265. SSgA Funds Management, Inc. acquire a 0.66% interest valued at $15.01 billion while Geode Capital Management LLC purchased a 323,292 stake. A total of -3,530,922 shares of The Procter & Gamble Company were bought by Wellington Management Co. LLP during the quarter, and -238,456 were sold by Northern Trust Investments, Inc. In its current portfolio, Norges Bank Investment Management holds 24,757,993 shares valued at $3.53 billion.
In terms of The Procter & Gamble Company share price expectations, FactSet research, analysts set an average price target of $156.83 in the next 12 months, up nearly 13.88% from the previous closing price of $140.50. Analysts anticipate The Procter & Gamble Company stock to reach $170.00 by 2023, with the lowest price target being $140.00. In spite of this, 27 analysts ranked The Procter & Gamble Company stock as an Overweight at the end of 2023. On March 30, 2022, JP Morgan assigned a price target of “a Neutral” to the stock and downgraded coverage with a $165.