Diversified Trust Co Buys 11,677 Shares of The Procter & Gamble Company (NYSE:PG)

Diversified Trust Co raised its stake in The Procter & Gamble Company (NYSE:PG) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 141,725 shares of the company’s stock after purchasing an additional 11,677 shares during the quarter. Procter & Gamble comprises approximately 0.6% of Diversified Trust Co’s holdings, making the stock its 26th biggest position. Diversified Trust Co’s holdings in Procter & Gamble were worth $23,760,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Procter & Gamble by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after acquiring an additional 3,619,466 shares during the last quarter. FMR LLC raised its position in shares of Procter & Gamble by 2.7% in the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company’s stock worth $4,599,554,000 after acquiring an additional 689,282 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock valued at $3,567,556,000 after buying an additional 122,190 shares in the last quarter. Franklin Resources Inc. boosted its stake in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Procter & Gamble by 4.7% in the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company’s stock valued at $3,183,522,000 after buying an additional 830,476 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PG. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Wells Fargo & Company dropped 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Piper Sandler started coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Trading Up 0.4 %

Shares of NYSE PG traded up $0.70 during trading on Tuesday, hitting $161.30. 1,981,638 shares of the company traded hands, compared to its average volume of 5,297,689. The firm has a market capitalization of $379.87 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.70 and a beta of 0.45. 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 company has a 50-day moving average price of $170.03 and a 200-day moving average price of $169.80. 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 announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during 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 firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 earnings per share. On average, equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,439 shares of company stock worth $13,317,460. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.