OmniStar Financial Group Inc. Acquires 352 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Mar 30th, 2023

OmniStar Financial Group Inc. raised its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 16.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,529 shares of the company’s stock after buying an additional 352 shares during the period. OmniStar Financial Group Inc.’s holdings in Procter & Gamble were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. EWG Elevate Inc. purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $26,000. Legend Financial Advisors Inc. acquired a new position in Procter & Gamble during the 3rd quarter valued at approximately $30,000. Belmont Capital LLC increased its stake in Procter & Gamble by 40.0% during the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after purchasing an additional 110 shares in the last quarter. Align Wealth Management LLC acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $50,000. Finally, Horizons Wealth Management acquired a new stake in shares of Procter & Gamble in the second quarter worth $52,000. Hedge funds and other institutional investors own 62.13% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Citigroup started coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They set a “buy” rating and a $160.00 price target on the stock. Raymond James lifted their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $155.00 in a report on Friday, March 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. Finally, UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $157.00 to $163.00 in a research report on Wednesday, March 1st. Four investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.27.

Procter & Gamble Trading Up 0.3 %

PG opened at $146.81 on Thursday. The stock has a market capitalization of $346.35 billion, a PE ratio of 25.76, a PEG ratio of 4.07 and a beta of 0.40. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $164.90. The firm has a 50-day moving average price of $140.93 and a two-hundred day moving average price of $141.06.

Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 earnings per share. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were issued 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 payout ratio is 64.04%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 709 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now directly owns 10,198 shares in the company, valued at approximately $1,400,593.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jon R. Moeller sold 2,151 shares of Procter & Gamble stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares in the company, valued at approximately $31,141,570.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 709 shares of the business’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 $97,374.06. Following the transaction, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock worth $656,511 in the last ninety days. Corporate 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.