The Procter & Gamble Company (NYSE:PG) Shares Bought by Astoria Portfolio Advisors LLC.

Posted by on Apr 2nd, 2023

Astoria Portfolio Advisors LLC. raised its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,282 shares of the company’s stock after acquiring an additional 174 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Procter & Gamble were worth $612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Procter & Gamble by 1.0% in the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after acquiring an additional 2,197,165 shares during the period. BlackRock Inc. raised its holdings in shares of Procter & Gamble by 1.1% during the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after buying an additional 1,811,085 shares during the last quarter. State Street Corp raised its holdings in shares of Procter & Gamble by 0.8% during the third quarter. State Street Corp now owns 104,749,256 shares of the company’s stock valued at $13,224,594,000 after buying an additional 797,652 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Procter & Gamble by 3.6% during the second quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock valued at $2,665,327,000 after buying an additional 637,095 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Procter & Gamble by 22.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after buying an additional 3,054,844 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.8 %

Procter & Gamble stock opened at $148.69 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market cap of $350.78 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.12 and a beta of 0.40. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $164.90. The firm’s 50 day moving average price is $141.15 and its two-hundred day moving average price is $141.17.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the business posted $1.66 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 2,151 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 transaction of $295,418.34. Following the transaction, the chief executive officer now owns 226,748 shares in the company, valued at $31,141,570.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,766 shares of company stock worth $656,511. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PG. Citigroup began coverage on Procter & Gamble in a report on Thursday, February 16th. They set a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $150.00 to $155.00 in a report on Friday, March 3rd. Raymond James lifted their price target on Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 13th. Wells Fargo & Company dropped their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $162.00 to $156.00 in a report on Monday, March 20th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.27.

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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