West Oak Capital LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 88.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,950 shares of the company's stock after selling 15,014 shares during the quarter. West Oak Capital LLC's holdings in Procter & Gamble were worth $327,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Procter & Gamble by 19,030.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company's stock worth $639,730,000 after purchasing an additional 3,674,286 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of Procter & Gamble by 16,292.0% during the 2nd quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company's stock worth $606,230,000 after purchasing an additional 3,653,477 shares in the last quarter. Geode Capital Management LLC grew its position in Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares during the last quarter. Franklin Resources Inc. grew its position in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Procter & Gamble in the third quarter valued at about $301,950,000. Institutional investors and hedge funds own 65.77% of the company's stock.
Insider Transactions at Procter & Gamble
In other news, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 39,977 shares of the company's stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares of the company's stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is currently owned by insiders.
Procter & Gamble Price Performance
Shares of NYSE PG traded down $3.37 during trading hours on Friday, reaching $158.73. 8,500,651 shares of the stock traded hands, compared to its average volume of 6,840,373. The company has a market capitalization of $373.82 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The company's 50-day simple moving average is $169.77 and its two-hundred day simple moving average is $169.64.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. Equities 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 equities analysts have recently weighed in on the company. DA Davidson reaffirmed a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. Morgan Stanley upped their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Piper Sandler assumed coverage on Procter & Gamble in a research report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 target price on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, Wells Fargo & Company decreased their price target on Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a report on Tuesday. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.75.
Check Out Our Latest Analysis on PG
About Procter & Gamble
(
Free Report)
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.
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