The Procter & Gamble Company (NYSE:PG) Stock Position Lifted by Stone Point Wealth LLC

Posted by on Mar 31st, 2023

Stone Point Wealth LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,564 shares of the company’s stock after buying an additional 590 shares during the quarter. Stone Point Wealth LLC’s holdings in Procter & Gamble were worth $692,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted 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. Vanguard Group Inc. lifted 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. lifted 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. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Procter & Gamble by 108.5% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,339,628 shares of the company’s stock worth $421,628,000 after acquiring an additional 1,737,742 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Procter & Gamble by 431.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,542,800 shares of the company’s stock worth $194,779,000 after acquiring an additional 1,252,400 shares in the last quarter. Institutional investors own 62.13% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $147.45 on Friday. The firm has a market capitalization of $347.86 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 4.09 and a beta of 0.40. The stock’s 50 day moving average price is $141.03 and its two-hundred day moving average price is $141.10. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $164.90.

Procter & Gamble (NYSE:PG – Get Rating) last released its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. On average, equities analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed 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. This represents a $3.65 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s payout ratio is presently 64.04%.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, January 20th. Citigroup initiated coverage on Procter & Gamble in a research note on Thursday, February 16th. They set a “buy” rating and a $160.00 price target for the company. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $155.00 in a research note on Friday, March 3rd. StockNews.com initiated coverage on Procter & Gamble in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Raymond James raised their price target on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. Four 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 company presently has an average rating of “Moderate Buy” and an average price target of $155.27.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 435 shares of Procter & Gamble 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 sale, the insider now owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Susan Street Whaley sold 435 shares of Procter & Gamble 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 sale, the insider now owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The sale 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 Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $180,052.74. Following the sale, 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. In the last quarter, insiders have sold 4,766 shares of company stock valued at $656,511. 0.26% of the stock is owned by corporate insiders.

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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