The Procter & Gamble Company (NYSE:PG) Shares Sold by Regent Peak Wealth Advisors LLC

Posted by on Jul 11th, 2023

Regent Peak Wealth Advisors LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,909 shares of the company’s stock after selling 728 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. EWG Elevate Inc. acquired a new stake in Procter & Gamble in the 4th quarter worth about $26,000. Silicon Valley Capital Partners acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new position in Procter & Gamble in the 3rd quarter valued at $30,000. Luken Investment Analytics LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $37,000. Finally, Bourgeon Capital Management LLC raised its position in shares of Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PG shares. Royal Bank of Canada increased their price objective on shares of Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a report on Monday, April 24th. Jefferies Financial Group lifted their price objective on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. UBS Group upped their target price on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, April 24th. Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the stock from $165.00 to $155.00 in a report on Thursday, May 18th. Finally, Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $167.00 in a report on Wednesday, April 26th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.50.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 4,852 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $155.47, for a total transaction of $754,340.44. Following the sale, the insider now directly owns 7,977 shares in the company, valued at $1,240,184.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Susan Street Whaley sold 4,852 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the completion of the transaction, the insider now directly owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the sale, the chief operating officer now directly owns 10,014 shares in the company, valued at approximately $1,562,484.42. The disclosure for this sale can be found here. Insiders have sold 95,093 shares of company stock valued at $14,821,930 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Trading Up 0.1 %

PG opened at $148.93 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.51. The firm has a market cap of $351.02 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.83 and a beta of 0.42. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.11. The business has a fifty day simple moving average of $149.82 and a 200-day simple moving average of $147.32.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The company had revenue of $20.07 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts expect that The Procter & Gamble Company will post 5.86 earnings per share for the current year.

Procter & Gamble Profile

(Free Report)

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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