Winthrop Advisory Group LLC Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Mar 27th, 2023

Winthrop Advisory Group LLC lifted its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,817 shares of the company’s stock after purchasing an additional 571 shares during the period. Winthrop Advisory Group LLC’s holdings in Procter & Gamble were worth $1,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PG. Newbridge Financial Services Group Inc. raised its stake in shares of Procter & Gamble by 1.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock worth $580,000 after purchasing an additional 69 shares during the last quarter. Wescott Financial Advisory Group LLC grew its holdings in Procter & Gamble by 0.3% in the first quarter. Wescott Financial Advisory Group LLC now owns 22,385 shares of the company’s stock valued at $3,420,000 after purchasing an additional 72 shares during the period. E Fund Management Co. Ltd. grew its holdings in Procter & Gamble by 1.6% in the third quarter. E Fund Management Co. Ltd. now owns 4,839 shares of the company’s stock valued at $611,000 after purchasing an additional 75 shares during the period. Constitution Capital LLC boosted its stake in shares of Procter & Gamble by 0.3% in the third quarter. Constitution Capital LLC now owns 27,562 shares of the company’s stock worth $3,480,000 after acquiring an additional 75 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Procter & Gamble by 0.9% in the third quarter. Wolff Wiese Magana LLC now owns 8,121 shares of the company’s stock worth $1,025,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 62.13% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $146.72 on Monday. The stock has a market cap of $346.13 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 4.10 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 stock’s 50 day moving average price is $141.10 and its 200 day moving average price is $140.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37.

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. The business had revenue of $20.77 billion for 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%. Procter & Gamble’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 EPS. Equities research analysts anticipate that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Raymond James boosted their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $162.00 to $156.00 in a report on Monday, March 20th. UBS Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and upped their price target for the stock from $157.00 to $163.00 in a report on Wednesday, March 1st. Stifel Nicolaus upped their price objective on Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. Finally, StockNews.com initiated coverage on Procter & Gamble in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.27.

Insider Activity

In other news, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $295,418.34. Following the completion of the transaction, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the transaction, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andre Schulten sold 1,311 shares of the 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 directly owns 35,142 shares in the company, valued at $4,826,402.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,766 shares of company stock valued at $656,511. Insiders own 0.26% of the company’s stock.

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.