The Procter & Gamble Company (NYSE:PG) is LVM Capital Management Ltd. MI’s 5th Largest Position

LVM Capital Management Ltd. MI reduced its position in The Procter & Gamble Company (NYSE:PG) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 182,299 shares of the company’s stock after selling 234 shares during the period. Procter & Gamble accounts for approximately 3.3% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 5th largest holding. LVM Capital Management Ltd. MI’s holdings in Procter & Gamble were worth $30,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PG. Harbor Capital Advisors Inc. lifted its holdings in shares of Procter & Gamble by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,647 shares of the company’s stock worth $5,641,000 after buying an additional 822 shares in the last quarter. CCM Investment Advisers LLC grew its position in shares of Procter & Gamble by 2.9% during the fourth quarter. CCM Investment Advisers LLC now owns 72,801 shares of the company’s stock valued at $12,205,000 after purchasing an additional 2,054 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Procter & Gamble by 6.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 206,896 shares of the company’s stock worth $34,686,000 after purchasing an additional 11,730 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Procter & Gamble by 16.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,780,064 shares of the company’s stock worth $308,308,000 after buying an additional 245,863 shares in the last quarter. Finally, Avondale Wealth Management grew its holdings in Procter & Gamble by 64.1% during the 4th quarter. Avondale Wealth Management now owns 3,200 shares of the company’s stock valued at $536,000 after buying an additional 1,250 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG traded down $3.39 during trading hours on Friday, reaching $158.71. 3,491,470 shares of the company were exchanged, compared to its average volume of 6,002,206. The stock’s 50-day moving average is $169.77 and its 200-day moving average is $169.64. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The firm has a market cap of $373.77 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at $2,343,110. This trade represents a 12.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Finally, Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. Eight equities 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.75.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.