Cardano Risk Management B.V. Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Cardano Risk Management B.V. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 747,768 shares of the company’s stock after selling 17,566 shares during the period. Procter & Gamble makes up about 1.9% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 16th largest position. Cardano Risk Management B.V.’s holdings in Procter & Gamble were worth $125,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at approximately $33,000. Quest Partners LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $36,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Piper Sandler began 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. Finally, Evercore ISI lifted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction dated 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 owns 13,783 shares in the company, valued at approximately $2,343,110. This represents a 12.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,439 shares of company stock worth $13,317,460 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.1 %

Procter & Gamble stock traded up $0.18 during trading on Monday, reaching $158.74. 2,259,233 shares of the company’s stock were exchanged, compared to its average volume of 6,193,444. The company’s 50-day moving average is $169.64 and its two-hundred day moving average is $169.61. 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 Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The firm has a market cap of $373.84 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.70 and a beta of 0.45.

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

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.