By otakuyassine3@gmail.com 
Traveka Wealth LLC raised its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 178.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,882 shares of the company’s stock after buying an additional 6,328 shares during the period. Procter & Gamble comprises 0.9% of Traveka Wealth LLC’s investment portfolio, making the stock its 28th biggest position. Traveka Wealth LLC’s holdings in Procter & Gamble were worth $1,657,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Fiera Capital Corp lifted its position in shares of Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $36,000. Inspire Advisors LLC increased its stake in shares of Procter & Gamble by 16.5% during the second quarter. Inspire Advisors LLC now owns 1,813 shares of the company’s stock worth $299,000 after purchasing an additional 257 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Procter & Gamble by 357.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 70,212 shares of the company’s stock worth $11,579,000 after purchasing an additional 54,875 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Procter & Gamble by 4.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 354,515 shares of the company’s stock valued at $58,467,000 after buying an additional 13,533 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Analyst Ratings Changes
PG has been the subject of several research reports. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.75.
Read Our Latest Research Report on PG
Insider Transactions at Procter & Gamble
In related news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock worth $13,317,460 over the last ninety days. Company insiders own 0.18% of the company’s stock.
Procter & Gamble Stock Up 0.2 %
Shares of NYSE:PG opened at $158.86 on Tuesday. The company has a market capitalization of $374.12 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The business has a 50-day moving average price of $169.52 and a 200 day moving average price of $169.55. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.
Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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