BCS Wealth Management Acquires Shares of 11,199 The Procter & Gamble Company (NYSE:PG)

BCS Wealth Management bought a new position in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,199 shares of the company’s stock, valued at approximately $1,877,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Granite Bay Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $347,000. First Financial Corp IN boosted its holdings in shares of Procter & Gamble by 4.1% in the 4th quarter. First Financial Corp IN now owns 11,555 shares of the company’s stock worth $1,937,000 after buying an additional 453 shares during the last quarter. PFW Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter worth about $2,656,000. Catalyst Private Wealth LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $207,000. Finally, Marion Wealth Management grew its position in shares of Procter & Gamble by 5.6% during the 4th quarter. Marion Wealth Management now owns 3,997 shares of the company’s stock valued at $670,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value 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 approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,439 shares of company stock valued at $13,317,460 over the last ninety days. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Friday, December 27th. Piper Sandler started coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.75.

Procter & Gamble Price Performance

PG opened at $158.86 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43. The stock’s 50 day simple moving average is $169.52 and its 200 day simple moving average is $169.55. The firm has a market cap of $374.12 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the business posted $1.83 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble 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.