The Procter & Gamble Company (NYSE:PG) Stock Holdings Reduced by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 375,898 shares of the company’s stock after selling 9,599 shares during the period. Procter & Gamble accounts for 6.3% of Armstrong Henry H Associates Inc.’s holdings, making the stock its 4th biggest holding. Armstrong Henry H Associates Inc.’s holdings in Procter & Gamble were worth $63,019,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Fiera Capital Corp grew its position in shares of Procter & Gamble by 1,135.1% in 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 last quarter. Quest Partners LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $36,000. Inspire Advisors LLC grew its holdings in Procter & Gamble by 16.5% in the second quarter. Inspire Advisors LLC now owns 1,813 shares of the company’s stock worth $299,000 after purchasing an additional 257 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Procter & Gamble by 357.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 70,212 shares of the company’s stock worth $11,579,000 after purchasing an additional 54,875 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Procter & Gamble by 4.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 354,515 shares of the company’s stock valued at $58,467,000 after purchasing an additional 13,533 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 11,566 shares of the company’s stock, 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 SEC, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,439 shares of company stock worth $13,317,460 in the last three months. 0.18% of the stock is owned by company insiders.

Procter & Gamble Stock Up 0.2 %

PG stock opened at $158.86 on Tuesday. The company has a market cap of $374.12 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 3.70 and a beta of 0.45. The firm has a 50-day moving average of $169.52 and a two-hundred day moving average of $169.55. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Analyst Ratings Changes

Several brokerages recently weighed in on PG. Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Piper Sandler started coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective on the stock. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Eight 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Profile

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.