Endeavor Private Wealth Inc. boosted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 6.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,681 shares of the company’s stock after purchasing an additional 209 shares during the period. Endeavor Private Wealth Inc.’s holdings in Procter & Gamble were worth $586,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in Procter & Gamble in the first quarter valued at about $26,000. Signature Resources Capital Management LLC raised its stake in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Quarry LP acquired a new stake in Procter & Gamble during the first quarter valued at approximately $33,000. Mizuho Securities Co. Ltd. raised its stake in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after buying an additional 170 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Down 0.6%
Shares of Procter & Gamble stock opened at $149.69 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $155.24 and its 200-day simple moving average is $159.53. The stock has a market capitalization of $350.34 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.99 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $149.45 and a twelve month high of $180.43.
Analyst Upgrades and Downgrades
Several analysts have issued reports on PG shares. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a research note on Friday. Berenberg Bank upped their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. BNP Paribas Exane cut their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Barclays cut their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $172.21.
Insider Transactions at Procter & Gamble
In related news, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $647,281.96. Following the sale, the chief financial officer directly owned 53,992 shares in the company, valued at $8,219,202.16. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the completion of the sale, the chief executive officer owned 61,764 shares in the company, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock worth $23,421,279 over the last quarter. Insiders own 0.20% of the company’s stock.
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.
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