The Procter & Gamble Company (NYSE:PG) Shares Acquired by Exeter Financial LLC

Exeter Financial LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 16,880 shares of the company’s stock after acquiring an additional 218 shares during the period. Exeter Financial LLC’s holdings in Procter & Gamble were worth $2,830,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Fiera Capital Corp grew its stake in shares of Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after purchasing an additional 19,013 shares in the last quarter. Quest Partners LLC bought a new position in Procter & Gamble in the 2nd quarter valued at about $36,000. Inspire Advisors LLC increased its stake in 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 buying an additional 257 shares during the period. 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 buying an additional 54,875 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Procter & Gamble by 4.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 354,515 shares of the company’s stock worth $58,467,000 after acquiring an additional 13,533 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Eight equities research 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, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.75.

Procter & Gamble Trading Up 0.2 %

NYSE:PG opened at $158.86 on Tuesday. The stock’s 50-day moving average is $169.52 and its two-hundred day moving average is $169.55. 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 stock has a market cap of $374.12 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43.

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

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,439 shares of company stock worth $13,317,460. Corporate 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.