Intellectus Partners LLC Takes $575,000 Position in The Procter & Gamble Company (NYSE:PG)

Intellectus Partners LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,258 shares of the company’s stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Granite Investment Partners LLC lifted its position in The Procter & Gamble by 0.5% during the second quarter. Granite Investment Partners LLC now owns 15,053 shares of the company’s stock worth $2,031,000 after purchasing an additional 73 shares during the period. Leisure Capital Management raised its stake in The Procter & Gamble by 0.4% during the first quarter. Leisure Capital Management now owns 18,192 shares of the company’s stock worth $2,464,000 after acquiring an additional 74 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in The Procter & Gamble by 0.3% during the second quarter. Harbor Investment Advisory LLC now owns 21,532 shares of the company’s stock worth $2,905,000 after acquiring an additional 74 shares in the last quarter. Brookmont Capital Management increased its stake in shares of The Procter & Gamble by 0.3% in the second quarter. Brookmont Capital Management now owns 21,923 shares of the company’s stock valued at $2,958,000 after buying an additional 75 shares during the period. Finally, Newfound Research LLC increased its stake in shares of The Procter & Gamble by 13.0% in the second quarter. Newfound Research LLC now owns 650 shares of the company’s stock valued at $88,000 after buying an additional 75 shares during the period. 62.51% of the stock is owned by institutional investors and hedge funds.

In other The Procter & Gamble news, CFO Andre Schulten sold 1,010 shares of the firm’s stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $144.37, for a total value of $145,813.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Carolyn M. Tastad sold 7,772 shares of the firm’s stock in a transaction dated Monday, August 2nd. The stock was sold at an average price of $141.77, for a total value of $1,101,836.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 748,024 shares of company stock valued at $106,760,698. Insiders own 0.51% of the company’s stock.

NYSE PG traded up $0.96 on Thursday, reaching $143.40. The company had a trading volume of 65,640 shares, compared to its average volume of 7,829,210. The Procter & Gamble Company has a 52-week low of $121.54 and a 52-week high of $147.23. The stock has a market capitalization of $348.22 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.47 and a beta of 0.43. The company’s fifty day moving average is $142.97 and its 200 day moving average is $138.62. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, July 29th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The Procter & Gamble had a return on equity of 31.49% and a net margin of 18.80%. The firm had revenue of $18.95 billion during the quarter, compared to analyst estimates of $18.38 billion. During the same period last year, the firm posted $1.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current year.

Several research analysts have recently issued reports on the company. Bank of America assumed coverage on The Procter & Gamble in a research note on Tuesday, October 5th. They issued a “buy” rating for the company. Truist Securities upped their price objective on The Procter & Gamble from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Monday, August 2nd. Royal Bank of Canada upped their target price on The Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a report on Monday, August 2nd. UBS Group assumed coverage on The Procter & Gamble in a report on Wednesday, June 23rd. They issued a “neutral” rating and a $138.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on The Procter & Gamble from $160.00 to $163.00 and gave the company a “buy” rating in a report on Monday, October 4th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.00.

About The Procter & Gamble

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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