Calton & Associates Inc. Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Posted by on Mar 27th, 2023

Calton & Associates Inc. grew its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,536 shares of the company’s stock after purchasing an additional 71 shares during the quarter. Calton & Associates Inc.’s holdings in Procter & Gamble were worth $536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Procter & Gamble by 22.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after acquiring an additional 3,054,844 shares during the last quarter. Vanguard Group Inc. raised its holdings in Procter & Gamble by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after buying an additional 2,197,165 shares during the period. BlackRock Inc. raised its holdings in Procter & Gamble by 1.1% in the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after buying an additional 1,811,085 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Procter & Gamble by 108.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,339,628 shares of the company’s stock worth $421,628,000 after purchasing an additional 1,737,742 shares during the period. Finally, Two Sigma Advisers LP increased its stake in Procter & Gamble by 431.3% during the third quarter. Two Sigma Advisers LP now owns 1,542,800 shares of the company’s stock worth $194,779,000 after purchasing an additional 1,252,400 shares during the period. Hedge funds and other institutional investors own 62.13% of the company’s stock.

Procter & Gamble Trading Up 2.0 %

Procter & Gamble stock opened at $146.72 on Monday. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. The stock has a market capitalization of $346.13 billion, a P/E ratio of 25.74, a PEG ratio of 4.10 and a beta of 0.40. The stock has a 50-day simple moving average of $141.10 and a 200 day simple moving average of $140.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56.

Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating 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 the consensus estimate of $20.75 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders 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%.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Barclays cut their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, January 23rd. Wells Fargo & Company decreased their price objective on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, January 20th. Citigroup started coverage on Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective for the company. Stifel Nicolaus increased their price target on Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a report on Friday, January 20th. Finally, Raymond James increased their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $155.27.

Insider Transactions at Procter & Gamble

In related 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 value of $61,691.70. Following the sale, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Susan Street Whaley sold 435 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now 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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andre Schulten sold 1,311 shares of the 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 directly owns 35,142 shares in the company, valued at approximately $4,826,402.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,766 shares of company stock worth $656,511. Corporate 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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