The Procter & Gamble Company (NYSE:PG) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 426,189 shares of the company’s stock after selling 16,418 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in The Procter & Gamble were worth $57,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Paragon Wealth Strategies LLC purchased a new stake in shares of The Procter & Gamble in the 2nd quarter valued at approximately $33,000. KB Financial Partners LLC purchased a new position in The Procter & Gamble in the first quarter worth approximately $41,000. Monumental Financial Group Inc. acquired a new stake in The Procter & Gamble during the second quarter worth $47,000. Aspire Private Capital LLC raised its position in The Procter & Gamble by 85.3% in the first quarter. Aspire Private Capital LLC now owns 430 shares of the company’s stock valued at $58,000 after purchasing an additional 198 shares during the period. Finally, Cowen Prime Advisors LLC acquired a new position in shares of The Procter & Gamble in the 2nd quarter valued at $67,000. 62.51% of the stock is owned by institutional investors.

Several research analysts have weighed in on the stock. Credit Suisse Group increased their target price on shares of The Procter & Gamble from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 2nd. Truist upped their price target on The Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, August 2nd. Erste Group raised The Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, August 20th. Citigroup increased their target price on The Procter & Gamble from $150.00 to $154.00 and gave the stock a “neutral” rating in a research note on Monday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Procter & Gamble from $160.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, October 4th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $151.00.

Shares of PG traded up $1.73 during mid-day trading on Thursday, reaching $144.17. The company’s stock had a trading volume of 157,004 shares, compared to its average volume of 7,829,210. The company’s 50 day moving average is $142.97 and its 200 day moving average is $138.62. The stock has a market cap of $350.09 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 3.47 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $121.54 and a 12-month high of $147.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.70 and a quick ratio of 0.52.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, July 29th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The Procter & Gamble had a net margin of 18.80% and a return on equity of 31.49%. The company had revenue of $18.95 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter last year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

In related news, CFO Andre Schulten sold 1,010 shares of the company’s stock in a transaction on Tuesday, August 17th. The shares were sold at an average price of $144.37, for a total value of $145,813.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carolyn M. Tastad sold 7,772 shares of The Procter & Gamble stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $141.77, for a total transaction of $1,101,836.44. The disclosure for this sale can be found here. Insiders have sold a total of 748,024 shares of company stock worth $106,760,698 over the last quarter. 0.51% of the stock is owned by company insiders.

The Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

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