The Procter & Gamble Company (NYSE:PG) Holdings Cut by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,866 shares of the company’s stock after selling 215 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Procter & Gamble were worth $1,151,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its position in Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after purchasing an additional 4,035 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Procter & Gamble in the third quarter valued at about $668,000. Fortem Financial Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $569,000. Synovus Financial Corp lifted its position in shares of Procter & Gamble by 3.4% during the third quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock worth $32,065,000 after purchasing an additional 6,077 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Procter & Gamble by 7.5% during the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock worth $484,583,000 after purchasing an additional 201,695 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of recent research reports. Morgan Stanley boosted their price target 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. Piper Sandler initiated coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Finally, Evercore ISI increased their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.75.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.71 during mid-day trading on Monday, reaching $159.27. 4,100,241 shares of the company’s stock were exchanged, compared to its average volume of 6,471,173. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a one year low of $146.28 and a one year high of $180.43. The firm has a market capitalization of $375.09 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The business’s fifty day simple moving average is $169.64 and its two-hundred day simple moving average is $169.61.

Procter & Gamble (NYSE:PG) last posted its quarterly 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. 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 for the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the company posted $1.83 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

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.