Ipswich Investment Management Co. Inc. increased its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,613 shares of the company’s stock after buying an additional 1,849 shares during the quarter. Procter & Gamble comprises about 1.9% of Ipswich Investment Management Co. Inc.’s holdings, making the stock its 10th largest position. Ipswich Investment Management Co. Inc.’s holdings in Procter & Gamble were worth $6,782,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. EWG Elevate Inc. purchased a new position in Procter & Gamble during the fourth quarter worth about $26,000. Silicon Valley Capital Partners purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in Procter & Gamble in the third quarter valued at $30,000. Luken Investment Analytics LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $37,000. Finally, Bourgeon Capital Management LLC increased its holdings in shares of Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.
Procter & Gamble Trading Up 0.1 %
NYSE:PG opened at $148.93 on Tuesday. The company has a market cap of $351.02 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.11. The business has a 50 day moving average price of $149.82 and a two-hundred day moving average price of $147.32. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.51.
Analysts Set New Price Targets
Several analysts recently issued reports on PG shares. Evercore ISI increased their price target on Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 24th. Truist Financial cut Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the company from $165.00 to $155.00 in a research note on Thursday, May 18th. Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Morgan Stanley increased their price objective on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, April 24th. Finally, Royal Bank of Canada boosted their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Monday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.50.
Insider Buying and Selling at Procter & Gamble
In related news, CEO Ma. Fatima Francisco sold 8,000 shares of the business’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the sale, the chief executive officer now owns 9,343 shares in the company, valued at approximately $1,465,356.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the sale, the chief executive officer now owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the sale, the chief operating officer now directly owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The disclosure for this sale can be found here. Insiders have sold a total of 95,093 shares of company stock worth $14,821,930 over the last 90 days. Insiders own 0.26% of the company’s stock.
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.
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