Clean Yield Group Purchases 83 Shares of The Procter & Gamble Company (NYSE:PG)

Clean Yield Group grew its position in The Procter & Gamble Company (NYSE:PG) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,098 shares of the company’s stock after buying an additional 83 shares during the period. Clean Yield Group’s holdings in Procter & Gamble were worth $3,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. Accelerate Investment Advisors LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $213,000. Cooper Financial Group grew its position in Procter & Gamble by 2.2% during the fourth quarter. Cooper Financial Group now owns 29,201 shares of the company’s stock valued at $4,896,000 after buying an additional 628 shares during the period. Future Financial Wealth Managment LLC increased its holdings in Procter & Gamble by 0.3% during the fourth quarter. Future Financial Wealth Managment LLC now owns 24,979 shares of the company’s stock valued at $4,188,000 after buying an additional 77 shares during the last quarter. Wedmont Private Capital raised its position in Procter & Gamble by 17.7% in the fourth quarter. Wedmont Private Capital now owns 43,130 shares of the company’s stock worth $6,839,000 after acquiring an additional 6,489 shares during the period. Finally, Talbot Financial LLC boosted its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Talbot Financial LLC now owns 69,780 shares of the company’s stock worth $11,699,000 after acquiring an additional 1,203 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Finally, Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble 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 sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. The trade was a 12.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock worth $13,317,460 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.68 during midday trading on Monday, hitting $159.24. The company’s stock had a trading volume of 3,938,826 shares, compared to its average volume of 6,438,887. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The firm’s 50 day moving average is $169.64 and its 200-day moving average is $169.61. The firm has a market cap of $375.02 billion, a P/E ratio of 27.46, a P/E/G ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the business posted $1.83 EPS. The business’s revenue was down .6% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

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.