Agate Pass Investment Management LLC Increases Holdings in The Procter & Gamble Company (NYSE:PG)

Agate Pass Investment Management LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 46.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,664 shares of the company’s stock after acquiring an additional 4,941 shares during the period. Procter & Gamble accounts for approximately 1.2% of Agate Pass Investment Management LLC’s holdings, making the stock its 25th biggest holding. Agate Pass Investment Management LLC’s holdings in Procter & Gamble were worth $2,626,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PG. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble during the 2nd quarter worth about $28,000. Fairway Wealth LLC purchased a new position in shares of Procter & Gamble during the second quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $33,000. Quest Partners LLC purchased a new position in Procter & Gamble during the 2nd quarter valued at $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in Procter & Gamble in the 2nd quarter valued at $44,000. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated 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 sale, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,439 shares of company stock worth $13,317,460 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.2 %

Procter & Gamble stock traded up $0.25 during trading on Monday, hitting $158.81. The company had a trading volume of 2,609,429 shares, compared to its average volume of 6,250,679. 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’s 50 day simple moving average is $169.64 and its 200-day simple moving average is $169.61. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The stock has a market cap of $374.00 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $1.83 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on PG. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a report on Monday, September 30th. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Finally, DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $179.75.

About Procter & Gamble

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.