Parisi Gray Wealth Management Has $602,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Parisi Gray Wealth Management cut its position in The Procter & Gamble Company (NYSE:PG) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,589 shares of the company’s stock after selling 144 shares during the period. Parisi Gray Wealth Management’s holdings in Procter & Gamble were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PG. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the second quarter worth approximately $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble during the third quarter worth $33,000. Quest Partners LLC bought a new position in shares of Procter & Gamble in the second quarter valued at $36,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Procter & Gamble during the second quarter valued at about $44,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.2 %

Shares of PG opened at $158.86 on Tuesday. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The business has a 50-day moving average of $169.52 and a 200 day moving average of $169.55. The firm has a market cap 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 quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The company 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 quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. As a group, research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PG. Wells Fargo & Company cut their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler assumed coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target for the company. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research note on Monday, September 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock worth $13,317,460 over the last 90 days. 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.