Goelzer Investment Management Inc. Purchases 532 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 1st, 2023

Goelzer Investment Management Inc. boosted its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 33,843 shares of the company’s stock after purchasing an additional 532 shares during the period. Goelzer Investment Management Inc.’s holdings in Procter & Gamble were worth $5,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ledyard National Bank raised its position in Procter & Gamble by 1.2% in the third quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock worth $10,233,000 after acquiring an additional 961 shares during the period. Autumn Glory Partners LLC lifted its position in shares of Procter & Gamble by 38.9% during the 3rd quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock valued at $1,383,000 after buying an additional 3,070 shares during the last quarter. Private Wealth Partners LLC grew its stake in shares of Procter & Gamble by 9.4% during the 3rd quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock worth $3,586,000 after acquiring an additional 2,445 shares during the period. Oak Harbor Wealth Partners LLC lifted its holdings in Procter & Gamble by 11.1% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock valued at $4,682,000 after purchasing an additional 3,089 shares during the last quarter. Finally, Udine Wealth Management Inc. bought a new position in Procter & Gamble during the third quarter worth about $752,000. Hedge funds and other institutional investors own 62.13% of the company’s stock.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares in the company, valued at approximately $1,537,328.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, 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 of the company’s stock, valued at approximately $1,537,328.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of the 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 $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock valued at $656,511 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Raymond James upped their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $162.00 to $156.00 in a research report on Monday, March 20th. Stifel Nicolaus increased their price objective on Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a report on Friday, January 20th. UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the company from $157.00 to $163.00 in a research report on Wednesday, March 1st. Finally, Wells Fargo & Company dropped their price objective 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.27.

Procter & Gamble Stock Up 0.8 %

Shares of NYSE PG opened at $148.69 on Friday. The stock has a market capitalization of $350.78 billion, a P/E ratio of 26.09, a PEG ratio of 4.10 and a beta of 0.40. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.90. The firm’s 50 day simple moving average is $141.15 and its two-hundred day simple moving average is $141.15. 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 released its 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. 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 analyst estimates of $20.75 billion. During the same quarter last year, the firm earned $1.66 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a yield of 2.46%. Procter & Gamble’s payout ratio is 64.04%.

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.