Peregrine Asset Advisers Inc. Purchases 200 Shares of The Procter & Gamble Company (NYSE:PG)

Peregrine Asset Advisers Inc. boosted its position in The Procter & Gamble Company (NYSE:PG) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,646 shares of the company’s stock after buying an additional 200 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Procter & Gamble were worth $916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Shipley& Co Ltd lifted its position in Procter & Gamble by 11.5% in the third quarter. Brown Shipley& Co Ltd now owns 49,589 shares of the company’s stock valued at $7,233,000 after purchasing an additional 5,114 shares during the last quarter. Rooted Wealth Advisors Inc. boosted its position in Procter & Gamble by 6.2% during the 3rd quarter. Rooted Wealth Advisors Inc. now owns 2,160 shares of the company’s stock valued at $326,000 after buying an additional 126 shares during the period. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Procter & Gamble in the 3rd quarter worth $1,287,000. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Procter & Gamble in the third quarter valued at about $2,858,000. Finally, Auxier Asset Management raised its stake in shares of Procter & Gamble by 0.3% during the third quarter. Auxier Asset Management now owns 20,448 shares of the company’s stock valued at $2,983,000 after acquiring an additional 68 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. Argus raised their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. BNP Paribas initiated coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Barclays increased their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $0.89 during mid-day trading on Tuesday, hitting $165.63. 2,247,320 shares of the company’s stock traded hands, compared to its average volume of 6,523,139. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41. The company’s 50-day moving average is $165.92 and its two-hundred day moving average is $159.71. The company has a market capitalization of $390.91 billion, a P/E ratio of 27.05, a PEG ratio of 3.15 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,544 shares of company stock worth $25,413,051. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.