Brown Miller Wealth Management LLC Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Mar 22nd, 2023

Brown Miller Wealth Management LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,095 shares of the company’s stock after buying an additional 370 shares during the period. Procter & Gamble comprises approximately 1.7% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Brown Miller Wealth Management LLC’s holdings in Procter & Gamble were worth $2,742,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. EWG Elevate Inc. acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $26,000. Legend Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth $30,000. Horizons Wealth Management purchased a new position in shares of Procter & Gamble during the 2nd quarter worth $52,000. Belmont Capital LLC grew its holdings in shares of Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after purchasing an additional 110 shares during the period. Finally, Align Wealth Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 62.13% of the company’s stock.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 435 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following 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 Securities & Exchange Commission, which is available through the SEC website. In other news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was 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 directly owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 2,151 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now directly owns 226,748 shares in the company, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock worth $656,511 over the last 90 days. 0.26% of the stock is owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $144.08 on Wednesday. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. The company has a fifty day simple moving average of $141.44 and a two-hundred day simple moving average of $140.74. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The company has a market cap of $339.90 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 3.99 and a beta of 0.40.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were issued a $0.9133 dividend. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.65 annualized dividend and a yield of 2.54%. Procter & Gamble’s dividend payout ratio (DPR) is 64.04%.

Analysts Set New Price Targets

Several equities analysts have weighed in on PG shares. Citigroup began coverage on shares of Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $155.00 in a research note on Friday, March 3rd. Barclays decreased their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $162.00 to $156.00 in a report on Monday. Finally, Jefferies Financial Group increased their target price on shares of Procter & Gamble from $149.00 to $164.00 in a research note on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.27.

Procter & Gamble Profile

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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.