Pathway Financial Advisors LLC Trims Holdings in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 2nd, 2023

Pathway Financial Advisors LLC trimmed its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,465 shares of the company’s stock after selling 379 shares during the quarter. Pathway Financial Advisors LLC’s holdings in Procter & Gamble were worth $525,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PG. Axiom Financial Strategies LLC raised its position in Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after acquiring an additional 113 shares in the last quarter. AMI Investment Management Inc. raised its position in Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after acquiring an additional 233 shares in the last quarter. LSV Asset Management raised its position in Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,000 shares in the last quarter. Ergoteles LLC purchased a new position in Procter & Gamble during the first quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC raised its position in Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after acquiring an additional 455 shares in the last quarter. 62.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $97,374.06. Following the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of Procter & Gamble stock in a transaction 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 owns 35,142 shares in the company, valued at $4,826,402.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the completion of the sale, the insider now owns 10,198 shares in the company, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,766 shares of company stock valued at $656,511. Insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $148.69 on Friday. The business’s 50 day moving average price is $141.15 and its 200-day moving average price is $141.17. The firm has a market capitalization of $350.78 billion, a PE ratio of 26.09, a P/E/G ratio of 4.12 and a beta of 0.40. 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 Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $164.90.

Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data 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 company 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 firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PG. UBS Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $157.00 to $163.00 in a research report on Wednesday, March 1st. Stifel Nicolaus raised their price objective on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, January 20th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $150.00 to $155.00 in a report on Friday, March 3rd. Citigroup initiated coverage on Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Procter & Gamble from $162.00 to $156.00 in a report on Monday, March 20th. Four equities 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.27.

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.