Highwater Wealth Management LLC Has $406,000 Stake in Procter & Gamble Company (The) (PG)
Highwater Wealth Management LLC lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 58.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,466 shares of the company’s stock after acquiring an additional 1,650 shares during the period. Procter & Gamble accounts for approximately 1.0% of Highwater Wealth Management LLC’s portfolio, making the stock its 23rd biggest position. Highwater Wealth Management LLC’s holdings in Procter & Gamble were worth $406,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Planning Services Ltd. increased its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $119,000. Blume Capital Management Inc. grew its position in Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in Procter & Gamble by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after acquiring an additional 170 shares in the last quarter. Finally, Winfield Associates Inc. grew its position in Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.
Procter & Gamble Company (NYSE PG) opened at $91.68 on Wednesday. Procter & Gamble Company has a 52-week low of $83.24 and a 52-week high of $94.67. The company has a market capitalization of $233,095.69, a PE ratio of 23.08, a PEG ratio of 2.95 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91.
Several equities analysts have weighed in on PG shares. Jefferies Group reaffirmed a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble in a research report on Tuesday, October 10th. Bank of America lifted their target price on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a research report on Monday, October 23rd. Finally, Deutsche Bank started coverage on Procter & Gamble in a research report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $88.38.
In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the sale, the insider now owns 85,495 shares of the company’s stock, valued at approximately $7,438,065. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is owned by company insiders.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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