The Procter & Gamble Company’s filing revealed that its Chief Operating Officer Jejurikar Shailesh unloaded Company’s shares for reported $1.78 million on Aug 30. In the deal valued at $154.13 per share,11,522 shares were sold. As a result of this transaction, Jejurikar Shailesh now holds 10,135 shares worth roughly $ 1.54 million.
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Then, Coombe Gary A sold 10,094 shares, generating $1,554,476 in total proceeds. Upon selling the shares at $154.00, the CEO – Grooming now owns 36,896 shares.
Before that, Keith R. Alexandra sold 5,309 shares. The Procter & Gamble Company shares valued at $817,057 were divested by the CEO – Beauty at a price of $153.90 per share. As a result of the transaction, Keith R. Alexandra now holds 27,719 shares, worth roughly $4.23 million.
Truist downgraded its The Procter & Gamble Company [PG] rating to a Hold from a a Buy in a research note published on Tuesday, May 18, 2023; the price target was decreased to $155 from $165. PT values the company’s stock at a premium of 1.65 to its Tuesday closing price.
Price Performance Review of PG
On Tuesday, The Procter & Gamble Company [NYSE:PG] saw its stock fall -1.34% to $152.44. On the same session, the stock had its day’s lowest price of $152.3975, but rose to a high of $154.85. Over the last five days, the stock has lost -0.87%. The Procter & Gamble Company shares have risen nearly 0.58% since the year began. Nevertheless, the stocks have risen 9.17% over the past one year. While a 52-week high of $158.38 was reached on 08/10/23, a 52-week low of $122.18 was recorded on 02/10/23. SMA at 50 days reached $152.83, while 200 days put it at $148.63. A total of 5.1 million shares were traded, compared to the trading of 4.13 million shares in the previous session.
Levels Of Support And Resistance For PG Stock
The 24-hour chart illustrates a support level at 151.61, which if violated will result in even more drops to 150.78. On the upside, there is a resistance level at 154.06. A further resistance level may holdings at 155.68. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.54%. Stochastics %K at 57.84% 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 Aug 14, 2023, growing by 1.51 million shares to a total of 14.72 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 13.21 million shares. There was a rise of 10.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.49.
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 214,892,260 shares, or roughly 9.12% of the outstanding PG shares. In other words, the investor’s shares have fallen by -255,803 from its previous 13-F filing of 215148063.0. Additionally, BlackRock Fund Advisors decreased -0.70% of its stake after which the total value it holdings stand at $16,967,598,051, while SSgA Funds Management, Inc. added 0.80% of its stake to hold $16.12 billion in the firm. Over the last quarter, Geode Capital Management LLC sold -1,633,403 shares of The Procter & Gamble Company, while Wellington Management Co. LLP sold -1,215,242 shares. At present, Northern Trust Investments, Inc. is holding 25,873,611 shares valued at $4.04 billion. Norges Bank Investment Management owned 24,757,993 shares of the company at the time of its most recent 13F filing, worth $3.87 billion.
According to FactSet, The Procter & Gamble Company’s share price will average $168.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.15 percent from its previous closing price of $154.51. Analysts expect The Procter & Gamble Company stock to reach the higher price of $179.00, while the lowest price estimate is $143.00. However, 24 analysts have rated PG stock as an Overweight in their predictions for 2023.