The Procter & Gamble Company (NYSE:PG) Shares Sold by Norway Savings Bank

Norway Savings Bank reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,886 shares of the company’s stock after selling 139 shares during the period. Procter & Gamble accounts for about 1.9% of Norway Savings Bank’s holdings, making the stock its 15th biggest position. Norway Savings Bank’s holdings in Procter & Gamble were worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Birch Capital Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $92,000. Spartan Planning & Wealth Management purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $958,000. Regent Peak Wealth Advisors LLC raised its holdings in Procter & Gamble by 1.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company’s stock valued at $1,855,000 after acquiring an additional 139 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Procter & Gamble by 9.0% during the 4th quarter. Diversified Trust Co now owns 141,725 shares of the company’s stock worth $23,760,000 after purchasing an additional 11,677 shares during the period. Finally, ShankerValleau Wealth Advisors Inc. boosted its holdings in shares of Procter & Gamble by 25.6% during the fourth quarter. ShankerValleau Wealth Advisors Inc. now owns 1,841 shares of the company’s stock worth $309,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.3 %

PG stock traded up $0.44 during trading on Tuesday, reaching $161.04. The stock had a trading volume of 5,235,397 shares, compared to its average volume of 6,055,838. The firm has a fifty day moving average price of $170.03 and a 200 day moving average price of $169.80. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $379.26 billion, a P/E ratio of 27.77, a PEG ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results 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 return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. DA Davidson reiterated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Piper Sandler started coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $179.75.

About Procter & Gamble

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.