Schrum Private Wealth Management LLC Sells 396 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Mar 30th, 2023

Schrum Private Wealth Management LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,655 shares of the company’s stock after selling 396 shares during the period. Procter & Gamble makes up 1.0% of Schrum Private Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Schrum Private Wealth Management LLC’s holdings in Procter & Gamble were worth $857,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PG. Axiom Financial Strategies LLC lifted its holdings in shares of Procter & Gamble by 7.0% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after acquiring an additional 113 shares during the last quarter. AMI Investment Management Inc. lifted its stake in Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares during the last quarter. LSV Asset Management lifted its stake in Procter & Gamble by 5.7% in the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares during the last quarter. Ergoteles LLC bought a new stake in Procter & Gamble in the first quarter worth $3,073,000. Finally, Wsfs Capital Management LLC lifted its stake in Procter & Gamble by 12.0% in the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares during the last quarter. 62.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on PG shares. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a research note on Friday, January 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $157.00 to $163.00 in a research report on Wednesday, March 1st. Barclays decreased their price objective on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research report on Friday, January 20th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.27.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,537,328.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 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 value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction that occurred on 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 owns 10,840 shares in the company, valued at approximately $1,537,328.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,766 shares of company stock worth $656,511. 0.26% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $146.81 on Thursday. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year 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 company’s 50-day moving average is $140.93 and its 200 day moving average is $141.06. The stock has a market capitalization of $346.35 billion, a P/E ratio of 25.76, a P/E/G ratio of 4.07 and a beta of 0.40.

Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (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 company had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. Procter & Gamble’s quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were issued a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.

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.