Sugarloaf Wealth Management LLC Increases Position in The Procter & Gamble Company (NYSE:PG)

Sugarloaf Wealth Management LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,668 shares of the company’s stock after purchasing an additional 154 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Procter & Gamble were worth $783,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after buying an additional 3,619,466 shares during the period. FMR LLC increased its stake in Procter & Gamble by 2.7% during the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company’s stock valued at $4,599,554,000 after purchasing an additional 689,282 shares in the last quarter. Legal & General Group Plc lifted its position in Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock valued at $3,567,556,000 after acquiring an additional 122,190 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after buying an additional 1,760,214 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Procter & Gamble by 4.7% during the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company’s stock valued at $3,183,522,000 after purchasing an additional 830,476 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 other news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was 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 of the company’s stock, valued at $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock worth $13,317,460 in the last three months. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 2.6 %

Shares of NYSE PG traded down $4.26 during mid-day trading on Friday, reaching $157.84. The company had a trading volume of 4,394,758 shares, compared to its average volume of 6,154,908. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The stock has a fifty day moving average of $169.77 and a two-hundred day moving average of $169.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $371.72 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 EPS. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on PG. JPMorgan Chase & Co. increased their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Wells Fargo & Company decreased their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore ISI upped their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Morgan Stanley lifted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eight research 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, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Profile

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.