The Procter & Gamble Company (NYSE:PG) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,464 shares of the company’s stock after selling 95 shares during the period. Procter & Gamble makes up approximately 0.8% of NorthCrest Asset Manangement LLC’s investment portfolio, making the stock its 29th largest holding. NorthCrest Asset Manangement LLC’s holdings in Procter & Gamble were worth $25,887,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp increased its holdings in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $36,000. Fortune Financial Advisors LLC increased its holdings in Procter & Gamble by 5.5% in the 2nd quarter. Fortune Financial Advisors LLC now owns 41,885 shares of the company’s stock worth $6,908,000 after acquiring an additional 2,192 shares in the last quarter. Cibc World Market Inc. grew its position in shares of Procter & Gamble by 234.3% in the second quarter. Cibc World Market Inc. now owns 1,143,286 shares of the company’s stock valued at $188,551,000 after purchasing an additional 801,263 shares during the period. Finally, Jupiter Asset Management Ltd. raised its position in shares of Procter & Gamble by 368.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 64,259 shares of the company’s stock worth $10,598,000 after purchasing an additional 50,540 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Piper Sandler initiated coverage on Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Finally, Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Eight equities 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.75.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock worth $13,317,460 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 1.8 %

Shares of PG stock traded down $2.91 on Friday, hitting $159.19. The stock had a trading volume of 2,531,893 shares, compared to its average volume of 5,868,981. The company’s 50 day moving average price is $169.77 and its 200-day moving average price is $169.64. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43. The firm has a market capitalization of $374.90 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.70 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last issued 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 analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.