The Procter & Gamble Company (NYSE:PG) Shares Acquired by Talbot Financial LLC

Talbot Financial LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,780 shares of the company’s stock after purchasing an additional 1,203 shares during the period. Procter & Gamble accounts for about 1.4% of Talbot Financial LLC’s holdings, making the stock its 29th biggest position. Talbot Financial LLC’s holdings in Procter & Gamble were worth $11,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Agate Pass Investment Management LLC raised its position in shares of Procter & Gamble by 46.1% during the 4th quarter. Agate Pass Investment Management LLC now owns 15,664 shares of the company’s stock worth $2,626,000 after purchasing an additional 4,941 shares during the last quarter. Asset Allocation & Management Company LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $604,000. CHICAGO TRUST Co NA raised its holdings in Procter & Gamble by 5.4% in the 4th quarter. CHICAGO TRUST Co NA now owns 18,332 shares of the company’s stock valued at $3,073,000 after acquiring an additional 941 shares during the last quarter. Compton Wealth Advisory Group LLC raised its holdings in Procter & Gamble by 4.7% in the 4th quarter. Compton Wealth Advisory Group LLC now owns 9,749 shares of the company’s stock valued at $1,634,000 after acquiring an additional 438 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $235,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. DA Davidson reissued a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Finally, Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.75.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $0.82 on Monday, hitting $159.38. The company had a trading volume of 3,470,390 shares, compared to its average volume of 6,369,470. The company has a market cap of $375.35 billion, a PE ratio of 27.48, a PEG ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The business has a 50-day simple moving average of $169.64 and a 200-day simple moving average of $169.61.

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

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, October 24th. The stock was 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 $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is owned by corporate insiders.

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 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.