Park Place Capital Corp Sells 218 Shares of The Procter & Gamble Company (NYSE:PG)

Park Place Capital Corp lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.7% during the third quarter, Holdings Channel reports. The fund owned 4,458 shares of the company’s stock after selling 218 shares during the period. Park Place Capital Corp’s holdings in Procter & Gamble were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new position in Procter & Gamble in the 2nd quarter valued at $29,000. Ruedi Wealth Management Inc. increased its stake in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Procter & Gamble during the second quarter worth $34,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research reports. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday, August 29th. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BNP Paribas started coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.89.

Procter & Gamble Stock Up 0.2 %

Shares of PG stock traded up $0.34 during trading hours on Tuesday, hitting $167.46. 1,642,236 shares of the company were exchanged, compared to its average volume of 6,643,194. The Procter & Gamble Company has a 52 week low of $141.60 and a 52 week high of $177.94. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $171.09 and a two-hundred day moving average of $166.58. The company has a market capitalization of $395.23 billion, a PE ratio of 27.27, a PEG ratio of 3.73 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. Analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the sale, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 383,194 shares of company stock valued at $65,140,718. 0.17% of the stock is owned by insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.