The Procter & Gamble Company (NYSE:PG) Shares Sold by Stolper Co

Posted by Defense World Staff on Mar 20th, 2023

Stolper Co decreased its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,039 shares of the company’s stock after selling 2,137 shares during the period. Stolper Co’s holdings in Procter & Gamble were worth $1,825,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ledyard National Bank grew its holdings in shares of Procter & Gamble by 1.2% in the 3rd quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock worth $10,233,000 after acquiring an additional 961 shares during the period. Autumn Glory Partners LLC increased its position in shares of Procter & Gamble by 38.9% in the third quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock valued at $1,383,000 after buying an additional 3,070 shares in the last quarter. Private Wealth Partners LLC raised its stake in shares of Procter & Gamble by 9.4% during the 3rd quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock worth $3,586,000 after buying an additional 2,445 shares during the last quarter. Udine Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth about $752,000. Finally, Virtus ETF Advisers LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $665,000. Hedge funds and other institutional investors own 62.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PG. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Procter & Gamble from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, December 6th. StockNews.com started coverage on Procter & Gamble in a research note on Thursday. They issued a “hold” rating on the stock. Barclays cut their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. Citigroup assumed coverage on Procter & Gamble in a research note on Thursday, February 16th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $149.00 to $164.00 in a research note on Tuesday, November 22nd. Four 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.67.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the transaction, the chief financial officer now owns 35,142 shares in the company, valued at $4,826,402.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Andre Schulten sold 1,311 shares of Procter & Gamble stock in a transaction that occurred 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 sale, the chief financial officer now owns 35,142 shares in the company, valued at $4,826,402.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 435 shares of the company’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 transaction, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The disclosure for this sale can be found here. In the last three months, insiders sold 4,766 shares of company stock worth $656,511. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $142.93 on Monday. The firm has a market capitalization of $337.19 billion, a PE ratio of 25.08, a P/E/G ratio of 3.99 and a beta of 0.40. The Procter & Gamble Company has a 12 month low of $122.18 and a 12 month high of $164.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37. The business has a 50-day moving average of $141.73 and a two-hundred day moving average of $140.66.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the firm posted $1.66 earnings per share. Procter & Gamble’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given 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 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is 64.04%.

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.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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