The Procter & Gamble Company (NYSE:PG) Stock Position Increased by FCF Advisors LLC

FCF Advisors LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 89.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,265 shares of the company’s stock after purchasing an additional 24,138 shares during the quarter. Procter & Gamble accounts for approximately 2.1% of FCF Advisors LLC’s investment portfolio, making the stock its 5th largest holding. FCF Advisors LLC’s holdings in Procter & Gamble were worth $8,879,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. XML Financial LLC lifted its holdings in Procter & Gamble by 3.3% in the fourth quarter. XML Financial LLC now owns 13,692 shares of the company’s stock valued at $2,006,000 after acquiring an additional 439 shares during the period. Unigestion Holding SA acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $32,604,000. Bennett Associates Wealth Management acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $465,000. Advanced Portfolio Management LLC lifted its stake in Procter & Gamble by 291.2% in the 4th quarter. Advanced Portfolio Management LLC now owns 10,947 shares of the company’s stock worth $1,604,000 after purchasing an additional 8,149 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $1,203,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.3 %

Shares of NYSE:PG traded up $0.53 during trading hours on Tuesday, reaching $167.65. The stock had a trading volume of 1,843,667 shares, compared to its average volume of 6,643,773. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The firm’s 50 day moving average is $171.09 and its 200-day moving average is $166.58. The stock has a market capitalization of $395.68 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 3.73 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.60 and a 1 year high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. Research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PG. Evercore ISI raised their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Piper Sandler assumed coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday. Finally, TD Cowen began coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $175.89.

Insiders Place Their Bets

In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,194 shares of company stock valued at $65,140,718. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.