The Procter & Gamble Company (NYSE:PG) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,084 shares of the company’s stock after buying an additional 909 shares during the period. RMR Wealth Builders’ holdings in Procter & Gamble were worth $2,193,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Trinity Financial Advisors LLC lifted its position in shares of Procter & Gamble by 6.1% during the 4th quarter. Trinity Financial Advisors LLC now owns 4,049 shares of the company’s stock worth $672,000 after buying an additional 232 shares during the last quarter. Atlas Brown Inc. lifted its position in Procter & Gamble by 0.6% in the fourth quarter. Atlas Brown Inc. now owns 32,317 shares of the company’s stock valued at $5,418,000 after acquiring an additional 202 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in Procter & Gamble by 3.4% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 4,668 shares of the company’s stock valued at $783,000 after acquiring an additional 154 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Procter & Gamble by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,647 shares of the company’s stock worth $5,641,000 after purchasing an additional 822 shares during the last quarter. Finally, CCM Investment Advisers LLC increased its position in shares of Procter & Gamble by 2.9% during the fourth quarter. CCM Investment Advisers LLC now owns 72,801 shares of the company’s stock worth $12,205,000 after purchasing an additional 2,054 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PG. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company dropped their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company 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 given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $3.37 during midday trading on Friday, hitting $158.73. The company’s stock had a trading volume of 8,229,634 shares, compared to its average volume of 6,806,603. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a market capitalization of $373.82 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.70 and a beta of 0.45. The stock’s 50 day simple moving average is $169.77 and its 200 day simple moving average is $169.64.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction dated 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 directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,439 shares of company stock worth $13,317,460 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble 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.