Pinnacle Wealth Management Group Inc. Sells 340 Shares of The Procter & Gamble Company (NYSE:PG)

Pinnacle Wealth Management Group Inc. lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,814 shares of the company’s stock after selling 340 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Procter & Gamble were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

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

Procter & Gamble Stock Performance

PG 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 company’s fifty day moving average price is $169.52 and its two-hundred day moving average price is $169.55. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year 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 for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for 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 quarter last year, the firm earned $1.83 EPS. On average, analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PG. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Morgan Stanley lifted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $179.75.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was 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 in the company, valued at $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. Over 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.