Transcend Wealth Collective LLC Invests $3.95 Million in Procter & Gamble Co (NYSE:PG)

Transcend Wealth Collective LLC acquired a new position in Procter & Gamble Co (NYSE:PG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 31,640 shares of the company’s stock, valued at approximately $3,952,000. Procter & Gamble accounts for about 1.1% of Transcend Wealth Collective LLC’s investment portfolio, making the stock its 18th biggest holding.

Several other large investors have also recently made changes to their positions in PG. Robecosam AG grew its holdings in Procter & Gamble by 1.3% in the fourth quarter. Robecosam AG now owns 82,670 shares of the company’s stock valued at $10,290,000 after purchasing an additional 1,061 shares during the period. Capital International Sarl grew its holdings in Procter & Gamble by 11.2% in the fourth quarter. Capital International Sarl now owns 11,945 shares of the company’s stock valued at $1,492,000 after purchasing an additional 1,200 shares during the period. Equitable Holdings Inc. acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $2,331,000. Brinker Capital Inc. grew its holdings in Procter & Gamble by 27.4% in the fourth quarter. Brinker Capital Inc. now owns 17,030 shares of the company’s stock valued at $2,127,000 after purchasing an additional 3,661 shares during the period. Finally, CVA Family Office LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $351,000. Hedge funds and other institutional investors own 64.02% of the company’s stock.

Several brokerages have commented on PG. Morgan Stanley dropped their price objective on Procter & Gamble from $132.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank of Canada reaffirmed a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a research note on Monday. Deutsche Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Tuesday, March 17th. Berenberg Bank reaffirmed a “hold” rating and issued a $130.00 price target on shares of Procter & Gamble in a research note on Friday, January 24th. Finally, Argus raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $127.53.

Shares of NYSE:PG traded up $6.46 during trading on Thursday, reaching $107.38. The stock had a trading volume of 15,794,282 shares, compared to its average volume of 10,076,703. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.63. The business has a fifty day moving average price of $118.38 and a 200-day moving average price of $121.86. The stock has a market cap of $255.02 billion, a PE ratio of 63.54, a PEG ratio of 2.86 and a beta of 0.45. Procter & Gamble Co has a 1-year low of $94.34 and a 1-year high of $128.09.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.05. The company had revenue of $18.24 billion for the quarter, compared to analyst estimates of $18.37 billion. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. Sell-side analysts expect that Procter & Gamble Co will post 4.95 earnings per share for the current year.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 37,385 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $126.28, for a total transaction of $4,720,977.80. Following the transaction, the insider now owns 60,191 shares of the company’s stock, valued at $7,600,919.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Taylor sold 58,297 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $125.93, for a total value of $7,341,341.21. Following the transaction, the chief executive officer now directly owns 284,069 shares in the company, valued at approximately $35,772,809.17. The disclosure for this sale can be found here. Insiders have sold 98,682 shares of company stock worth $12,441,819 in the last three months. 1.75% of the stock is currently owned by corporate insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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