The Procter & Gamble Company’s recent filing unveils that its Chief Legal Officer & Secy Whaley Susan Street unloaded Company’s shares for reported $61692.0 on Feb 03. In the deal valued at $141.82 per share,435 shares were sold. As a result of this transaction, Whaley Susan Street now holds 10,840 shares worth roughly $ 1.51 million.
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Then, Raman Sundar G. sold 9,922 shares, generating $1,438,690 in total proceeds. Upon selling the shares at $145.00, the CEO-Fabric & Home Care now owns 12,312 shares.
Before that, Raman Sundar G. sold 14,922 shares. The Procter & Gamble Company shares valued at $2,083,130 were divested by the CEO-Fabric & Home Care at a price of $139.60 per share. As a result of the transaction, Raman Sundar G. now holds 12,310 shares, worth roughly $1.71 million.
Citigroup initiated its The Procter & Gamble Company [PG] rating to a Buy in a research note published on Monday, February 17, 2023; the price target was $160. PT values the company’s stock at a premium of 13.04 to its Monday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late November with a ‘”an Outperform”‘ rating. Goldman also remained covering PG and has decreased its forecast on October 10, 2022 with a “Neutral” recommendation from previously “Buy” rating. Raymond James started covering the stock on April 08, 2022. It rated PG as “an Outperform”.
Price Performance Review of PG
On Monday, The Procter & Gamble Company [NYSE:PG] saw its stock fall -0.09% to $139.14. On the same session, the stock had its day’s lowest price of $138.53, but rose to a high of $140.465. Over the last five days, the stock has lost -0.62%. The Procter & Gamble Company shares have fallen nearly -8.19% since the year began. Nevertheless, the stocks have fallen -8.32% over the past one year. While a 52-week high of $164.90 was reached on 01/09/23, a 52-week low of $122.18 was recorded on 02/10/23. SMA at 50 days reached $145.50, while 200 days put it at $142.08. A total of 5.82 million shares were traded, compared to the trading of 5.26 million shares in the previous session.
Levels Of Support And Resistance For PG Stock
The 24-hour chart illustrates a support level at 138.29, which if violated will result in even more drops to 137.44. On the upside, there is a resistance level at 140.23. A further resistance level may holdings at 141.31. The Relative Strength Index (RSI) on the 14-day chart is 41.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.43%. Stochastics %K at 54.61% indicates the stock is a holding.
How much short interest is there in The Procter & Gamble Company?
A steep rise in short interest was recorded in The Procter & Gamble Company stocks on Jan 12, 2023, dropping by -2.95 million shares to a total of 11.97 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 14.92 million shares. There was a decline of -24.64%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.83.
The Procter & Gamble Company [PG] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 215,577,472 shares, or roughly 9.14% of the outstanding PG shares. In other words, the investor’s shares have risen by 1,061,704 from its previous 13-F filing of 214515768.0. Additionally, BlackRock Fund Advisors decreased -0.95% of its stake after which the total value it holdings stand at $15,764,328,265, while SSgA Funds Management, Inc. added 0.66% of its stake to hold $15.01 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 323,292 shares of The Procter & Gamble Company, while Wellington Management Co. LLP bought -3,530,922 shares. At present, Northern Trust Investments, Inc. is holding 27,344,790 shares valued at $3.89 billion. Norges Bank Investment Management owned 24,757,993 shares of the company at the time of its most recent 13F filing, worth $3.53 billion.
According to FactSet, The Procter & Gamble Company’s share price will average $156.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.89 percent from its previous closing price of $139.26. Analysts expect The Procter & Gamble Company stock to reach the higher price of $170.00, while the lowest price estimate is $140.00. However, 27 analysts have rated PG stock as an Overweight in their predictions for 2023.