The Procter & Gamble Company (NYSE:PG) is Future Financial Wealth Managment LLC’s 7th Largest Position

Future Financial Wealth Managment LLC raised its holdings in The Procter & Gamble Company (NYSE:PG) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,979 shares of the company’s stock after acquiring an additional 77 shares during the period. Procter & Gamble accounts for 3.1% of Future Financial Wealth Managment LLC’s holdings, making the stock its 7th biggest holding. Future Financial Wealth Managment LLC’s holdings in Procter & Gamble were worth $4,188,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Wedmont Private Capital increased its holdings in shares of Procter & Gamble by 17.7% during the 4th quarter. Wedmont Private Capital now owns 43,130 shares of the company’s stock valued at $6,839,000 after purchasing an additional 6,489 shares in the last quarter. Talbot Financial LLC grew its position in Procter & Gamble by 1.8% during the fourth quarter. Talbot Financial LLC now owns 69,780 shares of the company’s stock valued at $11,699,000 after buying an additional 1,203 shares during the period. Agate Pass Investment Management LLC raised its position in shares of Procter & Gamble by 46.1% in the fourth quarter. Agate Pass Investment Management LLC now owns 15,664 shares of the company’s stock worth $2,626,000 after acquiring an additional 4,941 shares during the period. Asset Allocation & Management Company LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter worth about $604,000. Finally, CHICAGO TRUST Co NA grew its holdings in Procter & Gamble by 5.4% in the fourth quarter. CHICAGO TRUST Co NA now owns 18,332 shares of the company’s stock valued at $3,073,000 after purchasing an additional 941 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG traded up $0.66 on Monday, reaching $159.22. The stock had a trading volume of 3,713,996 shares, compared to its average volume of 6,403,011. The stock has a market cap of $374.97 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The business’s 50-day moving average price is $169.64 and its 200 day moving average price 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.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating 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%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PG. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. JPMorgan Chase & Co. boosted 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. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Piper Sandler initiated coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target for the company. Finally, Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $179.75.

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock valued at $13,317,460 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.