Private Advisor Group LLC Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Defense World · Mar 27, 2023 18:53

Private Advisor Group LLC lifted its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,887 shares of the company's stock after buying an additional 8,069 shares during the period. Procter & Gamble makes up approximately 1.2% of Private Advisor Group LLC's holdings, making the stock its 12th largest holding. Private Advisor Group LLC's holdings in Procter & Gamble were worth $24,003,176,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PG. EWG Elevate Inc. bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Procter & Gamble in the third quarter worth about $30,000. Belmont Capital LLC grew its stake in shares of Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company's stock worth $49,000 after purchasing an additional 110 shares during the last quarter. Align Wealth Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $50,000. Finally, Horizons Wealth Management bought a new stake in shares of Procter & Gamble in the second quarter worth about $52,000. Hedge funds and other institutional investors own 62.13% of the company's stock.

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Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of the business's stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares in the company, valued at approximately $1,537,328.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Andre Schulten sold 1,311 shares of the business's stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the sale, the chief financial officer now owns 35,142 shares of the company's stock, valued at approximately $4,826,402.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 435 shares of the business's stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the sale, the insider now directly owns 10,840 shares of the company's stock, valued at approximately $1,537,328.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,766 shares of company stock worth $656,511. Insiders own 0.26% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $146.72 on Monday. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $164.90. The firm has a market cap of $346.13 billion, a P/E ratio of 25.74, a PEG ratio of 4.10 and a beta of 0.40. The company has a 50 day moving average of $141.10 and a 200 day moving average of $140.91. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble's dividend payout ratio is presently 64.04%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. StockNews.com started coverage on Procter & Gamble in a research report on Thursday, March 16th. They set a "hold" rating on the stock. Raymond James lifted their price objective on Procter & Gamble from $165.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, January 13th. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an "overweight" rating for the company in a report on Friday, January 20th. Finally, Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a "hold" rating in a report on Friday, January 20th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $155.27.

About Procter & Gamble

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.