Colorado Capital Management Inc. Purchases 101 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by on Mar 26th, 2023

Colorado Capital Management Inc. boosted its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,612 shares of the company’s stock after purchasing an additional 101 shares during the period. Colorado Capital Management Inc.’s holdings in Procter & Gamble were worth $244,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Procter & Gamble by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after acquiring an additional 2,197,165 shares in the last quarter. BlackRock Inc. grew its stake in Procter & Gamble by 1.1% in the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after acquiring an additional 1,811,085 shares in the last quarter. State Street Corp grew its stake in Procter & Gamble by 0.8% in the 3rd quarter. State Street Corp now owns 104,749,256 shares of the company’s stock worth $13,224,594,000 after acquiring an additional 797,652 shares in the last quarter. Legal & General Group Plc grew its stake in Procter & Gamble by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock worth $2,665,327,000 after acquiring an additional 637,095 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Procter & Gamble by 22.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock worth $2,382,268,000 after acquiring an additional 3,054,844 shares in the last quarter. 62.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $150.00 to $155.00 in a research note on Friday, March 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. StockNews.com began coverage on shares of Procter & Gamble in a research note on Thursday, March 16th. They set a “hold” rating on the stock. UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price objective for the company from $157.00 to $163.00 in a research note on Wednesday, March 1st. Finally, Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Friday, January 20th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.27.

Procter & Gamble Trading Up 2.0 %

NYSE PG opened at $146.72 on Friday. The company has a fifty day simple moving average of $141.10 and a two-hundred day simple moving average of $140.89. The stock has a market cap of $346.13 billion, a P/E ratio of 25.74, a P/E/G ratio of 4.01 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 current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.66 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were issued a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 709 shares of the firm’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 $97,374.06. Following the completion of the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Susan Street Whaley sold 709 shares of the firm’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 $97,374.06. Following the completion of the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction on 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 directly owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock valued at $656,511 over the last 90 days. Insiders own 0.26% of the company’s stock.

Procter & Gamble Company 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.

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

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