Accelerate Investment Advisors LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Accelerate Investment Advisors LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,272 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently modified their holdings of PG. Fiera Capital Corp raised its stake in Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares during the period. Quest Partners LLC purchased a new position in Procter & Gamble during the second quarter worth about $36,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Procter & Gamble by 10.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 91,768 shares of the company’s stock worth $15,134,000 after buying an additional 8,828 shares during the last quarter. Inspire Advisors LLC increased its position in shares of Procter & Gamble by 16.5% during the 2nd quarter. Inspire Advisors LLC now owns 1,813 shares of the company’s stock valued at $299,000 after purchasing an additional 257 shares during the last quarter. Finally, Lyell Wealth Management LP raised its position in Procter & Gamble by 11.6% in the second quarter. Lyell Wealth Management LP now owns 4,386 shares of the company’s stock worth $723,000 after acquiring an additional 457 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PG. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. 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. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Trading Up 0.3 %

Procter & Gamble stock traded up $0.54 during mid-day trading on Monday, hitting $159.10. The company’s stock had a trading volume of 3,812,065 shares, compared to its average volume of 6,420,964. The business has a 50 day moving average price of $169.64 and a 200-day moving average price of $169.61. 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 12 month low of $146.28 and a 12 month high of $180.43. The stock has a market cap of $374.69 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45.

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

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % 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, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,439 shares of company stock worth $13,317,460. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.