Liberty One Investment Management LLC grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 95.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,698 shares of the company’s stock after purchasing an additional 178,278 shares during the period. Procter & Gamble makes up 3.2% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 12th largest holding. Liberty One Investment Management LLC’s holdings in Procter & Gamble were worth $56,028,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Crew Capital Management Ltd boosted its position in Procter & Gamble by 16.3% during the 3rd quarter. Crew Capital Management Ltd now owns 47,531 shares of the company’s stock valued at $7,303,000 after acquiring an additional 6,661 shares in the last quarter. Bogart Wealth LLC grew its stake in Procter & Gamble by 13.2% in the third quarter. Bogart Wealth LLC now owns 77,413 shares of the company’s stock worth $11,894,000 after purchasing an additional 9,000 shares during the period. Quent Capital LLC raised its holdings in Procter & Gamble by 0.7% in the third quarter. Quent Capital LLC now owns 13,195 shares of the company’s stock worth $2,027,000 after purchasing an additional 96 shares in the last quarter. Pinion Investment Advisors LLC lifted its position in Procter & Gamble by 10.1% during the third quarter. Pinion Investment Advisors LLC now owns 7,064 shares of the company’s stock valued at $1,077,000 after buying an additional 646 shares during the period. Finally, Bangor Savings Bank boosted its holdings in shares of Procter & Gamble by 5.9% during the 3rd quarter. Bangor Savings Bank now owns 4,342 shares of the company’s stock valued at $667,000 after buying an additional 240 shares in the last quarter. 65.77% of the stock is owned by institutional investors.
Procter & Gamble Price Performance
Shares of NYSE PG opened at $143.48 on Tuesday. The firm has a market cap of $335.27 billion, a P/E ratio of 20.95, a PEG ratio of 4.79 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $179.99. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $144.84 and a 200 day moving average of $151.34.
Insiders Place Their Bets
In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the transaction, the chief accounting officer owned 979 shares in the company, valued at approximately $146,429.03. This represents a 42.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on PG shares. Cowen reiterated a “buy” rating on shares of Procter & Gamble in a research note on Thursday. Bank of America decreased their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. BNP Paribas Exane dropped their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Dbs Bank upgraded Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Fifteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.23.
Check Out Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Profile
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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