Newton One Investments LLC Sells 373 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 2nd, 2023

Newton One Investments LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 829 shares of the company’s stock after selling 373 shares during the period. Newton One Investments LLC’s holdings in Procter & Gamble were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its position in shares of Procter & Gamble by 1.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock valued at $580,000 after acquiring an additional 69 shares during the period. Calton & Associates Inc. lifted its position in shares of Procter & Gamble by 2.0% during the 4th quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock worth $536,000 after buying an additional 71 shares during the last quarter. Bourgeon Capital Management LLC lifted its position in shares of Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after buying an additional 71 shares during the last quarter. Wescott Financial Advisory Group LLC lifted its position in shares of Procter & Gamble by 0.3% during the 1st quarter. Wescott Financial Advisory Group LLC now owns 22,385 shares of the company’s stock worth $3,420,000 after buying an additional 72 shares during the last quarter. Finally, E Fund Management Co. Ltd. lifted its position in shares of Procter & Gamble by 1.6% during the 3rd quarter. E Fund Management Co. Ltd. now owns 4,839 shares of the company’s stock worth $611,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the transaction, the insider now owns 10,840 shares in the company, valued at $1,537,328.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jon R. Moeller sold 2,151 shares of the firm’s 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 transaction, the chief executive officer now owns 226,748 shares in the company, valued at $31,141,570.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 435 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the transaction, the insider now owns 10,840 shares in the company, valued at approximately $1,537,328.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,766 shares of company stock worth $656,511. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Up 0.8 %

Shares of Procter & Gamble stock opened at $148.69 on Friday. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.90. 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 stock’s 50-day moving average is $141.15 and its 200 day moving average is $141.17. The firm has a market cap of $350.78 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 4.12 and a beta of 0.40.

Procter & Gamble (NYSE:PG – Get Rating) last announced 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 return on equity of 32.03% and a net margin of 17.79%. The company had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the company earned $1.66 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Announces Dividend

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

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. Raymond James upped their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. UBS Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and upped their target price for the stock from $157.00 to $163.00 in a report on Wednesday, March 1st. Citigroup initiated coverage on Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 target price for the company. Barclays lowered their target price on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. Finally, JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.