Greenwood Gearhart Inc. increased its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,870 shares of the company’s stock after acquiring an additional 172 shares during the period. Greenwood Gearhart Inc.’s holdings in Procter & Gamble were worth $935,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of Procter & Gamble in the 1st quarter worth about $26,000. Signature Resources Capital Management LLC grew its position in Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Quarry LP bought a new position in Procter & Gamble in the 1st quarter valued at about $33,000. Mizuho Securities Co. Ltd. grew its position in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after buying an additional 170 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Procter & Gamble in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
NYSE:PG opened at $149.69 on Friday. Procter & Gamble Company has a twelve month low of $149.45 and a twelve month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $155.24 and a 200-day moving average of $159.53. The firm has a market cap of $350.34 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 3.99 and a beta of 0.36.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Berenberg Bank increased their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Evercore ISI reiterated an “in-line” rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday. Bank of America decreased their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, UBS Group reduced their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $172.21.
Check Out Our Latest Analysis on PG
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CFO Andre Schulten sold 4,252 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the sale, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at approximately $8,219,202.16. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $1,778,655.32. Following the completion of the sale, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,763 shares of company stock valued at $23,421,279. Corporate insiders own 0.20% of the company’s stock.
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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