Procter & Gamble Company (The) (NYSE:PG) Shares Bought by Brass Tax Wealth Management Inc.

Brass Tax Wealth Management Inc. lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,189 shares of the company's stock after purchasing an additional 4,426 shares during the period. Procter & Gamble makes up 2.0% of Brass Tax Wealth Management Inc.'s investment portfolio, making the stock its 15th largest holding. Brass Tax Wealth Management Inc.'s holdings in Procter & Gamble were worth $9,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cladis Investment Advisory LLC raised its position in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after buying an additional 236 shares during the last quarter. FAS Wealth Partners Inc. raised its position in shares of Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after buying an additional 549 shares during the last quarter. Natural Investments LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $2,121,000. Capital Investment Advisory Services LLC raised its position in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after buying an additional 4,562 shares during the last quarter. Finally, World Investment Advisors raised its position in shares of Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after buying an additional 2,886 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Truist Financial cut their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Evercore ISI restated an "outperform" rating and issued a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Finally, Raymond James Financial lowered their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $178.45.

Procter & Gamble Trading Down 1.7%

PG traded down $2.65 during trading on Tuesday, hitting $157.85. 11,953,583 shares of the company's stock were exchanged, compared to its average volume of 7,521,072. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The stock has a 50 day moving average price of $162.07 and a 200 day moving average price of $165.20. The firm has a market cap of $370.09 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 4.57 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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.