Elmwood Wealth Management Inc. Reduces Position in The Procter & Gamble Company (NYSE:PG)

Elmwood Wealth Management Inc. cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,866 shares of the company’s stock after selling 215 shares during the period. Elmwood Wealth Management Inc.’s holdings in Procter & Gamble were worth $1,151,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Enterprise Bank & Trust Co boosted its stake in Procter & Gamble by 1.7% in the fourth quarter. Enterprise Bank & Trust Co now owns 10,965 shares of the company’s stock worth $1,838,000 after buying an additional 178 shares in the last quarter. Clean Yield Group lifted its stake in Procter & Gamble by 0.4% in the fourth quarter. Clean Yield Group now owns 19,098 shares of the company’s stock worth $3,202,000 after acquiring an additional 83 shares during the period. Accelerate Investment Advisors LLC bought a new position in Procter & Gamble in the fourth quarter worth $213,000. Cooper Financial Group raised its holdings in Procter & Gamble by 2.2% in the fourth quarter. Cooper Financial Group now owns 29,201 shares of the company’s stock worth $4,896,000 after purchasing an additional 628 shares in the last quarter. Finally, Future Financial Wealth Managment LLC raised its holdings in Procter & Gamble by 0.3% in the fourth quarter. Future Financial Wealth Managment LLC now owns 24,979 shares of the company’s stock worth $4,188,000 after purchasing an additional 77 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at $2,343,110. This represents a 12.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. 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 ninety days. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

PG stock traded up $0.71 during trading on Monday, hitting $159.27. 4,100,241 shares of the company traded hands, compared to its average volume of 6,471,173. The stock’s 50-day simple moving average is $169.64 and its 200 day simple moving average is $169.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The company has a market cap of $375.09 billion, a PE ratio of 27.46, a P/E/G ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last released its 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. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business 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 company earned $1.83 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PG. Wells Fargo & Company reduced their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research report on Monday, September 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. Evercore ISI boosted their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.75.

Procter & Gamble Company 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.