Sightline Wealth Advisors LLC cut its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,460 shares of the company’s stock after selling 133 shares during the quarter. Sightline Wealth Advisors LLC’s holdings in Procter & Gamble were worth $245,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Procter & Gamble in the 2nd quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at approximately $33,000. Quest Partners LLC bought a new position in shares of Procter & Gamble during the second quarter valued at $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Procter & Gamble in the second quarter worth $44,000. 65.77% of the stock is owned by institutional investors and hedge funds.
Procter & Gamble Price Performance
Shares of PG opened at $158.86 on Tuesday. The stock has a market cap of $374.12 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.70 and a beta of 0.45. The business’s fifty day moving average is $169.52 and its 200 day moving average is $169.55. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43.
Wall Street Analyst Weigh In
PG has been the subject of several analyst reports. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. 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 reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.75.
Check Out Our Latest Analysis on PG
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock valued at $13,317,460 over the last ninety days. 0.18% of the stock is currently owned by insiders.
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.
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