Ramsay Stattman Vela & Price Inc. Has $12.12 Million Position in Procter & Gamble Company (The) $PG

Ramsay Stattman Vela & Price Inc. boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,572 shares of the company’s stock after purchasing an additional 5,590 shares during the quarter. Procter & Gamble accounts for about 2.2% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 16th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Procter & Gamble were worth $12,120,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Czech National Bank grew its holdings in Procter & Gamble by 3.8% during the third quarter. Czech National Bank now owns 594,914 shares of the company’s stock valued at $91,409,000 after purchasing an additional 21,825 shares during the period. Triodos Investment Management BV boosted its holdings in shares of Procter & Gamble by 7.3% in the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock valued at $39,195,000 after buying an additional 17,400 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after buying an additional 1,419,322 shares during the period. Strengthening Families & Communities LLC boosted its holdings in shares of Procter & Gamble by 820.6% in the third quarter. Strengthening Families & Communities LLC now owns 14,803 shares of the company’s stock valued at $2,308,000 after buying an additional 13,195 shares during the period. Finally, Heritage Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 32.7% in the third quarter. Heritage Wealth Management Inc. now owns 150,814 shares of the company’s stock valued at $23,173,000 after buying an additional 37,198 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman owned 319,385 shares in the company, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 348,618 shares of company stock valued at $55,462,643. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler reduced their price target on shares of Procter & Gamble from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada reduced their price target on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Erste Group Bank cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.89.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: PG is named among “15 Best Blue Chip Stocks to Buy Now,” highlighting its durable brand portfolio and defensive qualities that attract income-oriented investors. The Procter & Gamble Company (PG) Price Target Cut by $5, ‘Overweight’ Rating Maintained
• Positive Sentiment: Macro/flow factor: commentary about a “great rotation” out of high-volatility AI names into steady dividend payers supports demand for large consumer staples like PG. The “Great Rotation” Out of Artificial Intelligence (AI) Stocks Has Arrived.
• Neutral Sentiment: Industry leadership changes at peers (Conagra naming a new CEO) are being watched by investors for demand trends in consumer foods, but this is background rather than a direct PG-specific catalyst. Conagra Hires John Brase to Replace Sean Connolly as President, CEO
• Negative Sentiment: Analyst downside: a recent note trimmed PG’s price target by $5 even as the analyst kept an Overweight rating — this tends to weigh on near-term sentiment. The Procter & Gamble Company (PG) Price Target Cut by $5, ‘Overweight’ Rating Maintained
• Negative Sentiment: Bank of America trimmed its price target on PG to $167, signaling some analyst caution on near-term upside and contributing to selling pressure. Bank of America Cuts Procter & Gamble (NYSE:PG) Price Target to $167.00
• Negative Sentiment: Regulatory/quality risk: a Texas probe into PFAS in consumer products (reported around other apparel and food names) has drawn investor attention to similar product-marketing and ingredient issues at large consumer companies, including PG — an added near-term headwind for sentiment. Lululemon Stock Falls After Texas Opens PFAS Investigation Into Apparel
• Negative Sentiment: Short-term performance: coverage noted PG underperformed peers on Monday, reinforcing the view that the stock is losing some momentum amid the items above. Procter & Gamble Co. stock underperforms Monday when compared to competitors

Procter & Gamble Stock Performance

NYSE PG opened at $143.66 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $152.85 and its two-hundred day moving average price is $149.15. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $171.65. The firm has a market capitalization of $333.87 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 5.11 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.