Lynch & Associates IN Has $15.01 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Lynch & Associates IN lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 89,499 shares of the company’s stock after selling 665 shares during the period. Procter & Gamble comprises about 3.3% of Lynch & Associates IN’s portfolio, making the stock its 5th largest holding. Lynch & Associates IN’s holdings in Procter & Gamble were worth $15,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PG. Fiera Capital Corp increased its position in shares of Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after acquiring an additional 19,013 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth $36,000. Fortune Financial Advisors LLC boosted its holdings in shares of Procter & Gamble by 5.5% during the 2nd quarter. Fortune Financial Advisors LLC now owns 41,885 shares of the company’s stock valued at $6,908,000 after acquiring an additional 2,192 shares in the last quarter. Cibc World Market Inc. lifted its holdings in shares of Procter & Gamble by 234.3% during the second quarter. Cibc World Market Inc. now owns 1,143,286 shares of the company’s stock worth $188,551,000 after purchasing an additional 801,263 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in Procter & Gamble by 368.4% during the second quarter. Jupiter Asset Management Ltd. now owns 64,259 shares of the company’s stock worth $10,598,000 after buying an additional 50,540 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PG. Morgan Stanley increased their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. DA Davidson restated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Friday, December 27th. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price on the stock. Finally, Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

Procter & Gamble Trading Down 2.1 %

Shares of Procter & Gamble stock traded down $3.37 during trading hours on Friday, hitting $158.73. The company’s stock had a trading volume of 8,219,503 shares, compared to its average volume of 6,806,603. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock has a 50 day moving average of $169.77 and a 200 day moving average of $169.64. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The company has a market capitalization of $373.82 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.83 EPS. Analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble 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.