One Wealth Capital Management LLC Buys Shares of 1,362 The Procter & Gamble Company (NYSE:PG)

One Wealth Capital Management LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,362 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Fiera Capital Corp boosted its stake in shares of Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Procter & Gamble by 391.8% during the second quarter. Strategic Financial Concepts LLC now owns 289,175 shares of the company’s stock valued at $477,000 after purchasing an additional 230,374 shares during the last quarter. Chris Bulman Inc bought a new position in Procter & Gamble in the second quarter valued at approximately $68,000. Adapt Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 22.7% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 2,560 shares of the company’s stock worth $422,000 after purchasing an additional 474 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $36,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of PG traded up $0.62 during trading hours on Tuesday, hitting $161.22. 5,684,669 shares of the company were exchanged, compared to its average volume of 6,152,565. The company has a market cap of $379.68 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 3.70 and a beta of 0.45. The firm’s fifty day moving average is $170.03 and its 200 day moving average is $169.80. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 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 for the quarter, compared to analyst estimates of $21.99 billion. During the same period last year, the firm earned $1.83 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PG. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Piper Sandler started coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price for the company. Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock worth $13,317,460 over the last three months. Corporate insiders own 0.18% of the company’s stock.

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.