Core Alternative Capital Cuts Holdings in Procter & Gamble Company (The) (NYSE:PG)

Core Alternative Capital lowered its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 16.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,282 shares of the company's stock after selling 8,619 shares during the period. Procter & Gamble makes up about 1.7% of Core Alternative Capital's portfolio, making the stock its 17th largest holding. Core Alternative Capital's holdings in Procter & Gamble were worth $7,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PG. Navigoe LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Hoey Investments Inc. raised its position in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, 10Elms LLP acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at approximately $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 owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Piper Sandler increased their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Truist Financial dropped 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 note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Stock Down 1.5%

NYSE:PG traded down $2.36 during trading hours on Tuesday, reaching $158.14. The company had a trading volume of 4,592,211 shares, compared to its average volume of 7,482,738. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The firm has a market cap of $370.77 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 4.58 and a beta of 0.40. The business's 50-day simple moving average is $162.07 and its two-hundred day simple moving average is $165.20. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43.

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