Gleason Group Inc. Cuts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Gleason Group Inc. lessened its stake in The Procter & Gamble Company (NYSE:PG) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,787 shares of the company’s stock after selling 1,711 shares during the period. Procter & Gamble comprises about 0.5% of Gleason Group Inc.’s holdings, making the stock its 19th largest holding. Gleason Group Inc.’s holdings in Procter & Gamble were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the second quarter worth about $28,000. Fairway Wealth LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $33,000. Quest Partners LLC purchased a new stake in Procter & Gamble in the second quarter worth $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in Procter & Gamble in the second quarter worth $44,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.2 %

Shares of NYSE PG opened at $158.86 on Tuesday. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The business has a fifty day moving average price of $169.52 and a 200 day moving average price of $169.55. The stock has a market capitalization of $374.12 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released 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 return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the business posted $1.83 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PG. Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Piper Sandler began coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company lowered their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.75.

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.