Diversified Portfolios Inc. Has $424,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 5th, 2023

Diversified Portfolios Inc. decreased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 43.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,796 shares of the company’s stock after selling 2,184 shares during the period. Diversified Portfolios Inc.’s holdings in Procter & Gamble were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. boosted its stake 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 purchasing an additional 69 shares in the last quarter. Calton & Associates Inc. boosted its stake 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 valued at $536,000 after purchasing an additional 71 shares in the last quarter. Bourgeon Capital Management LLC lifted its position in Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after acquiring an additional 71 shares during the period. Wescott Financial Advisory Group LLC lifted its position in Procter & Gamble by 0.3% during the 1st quarter. Wescott Financial Advisory Group LLC now owns 22,385 shares of the company’s stock valued at $3,420,000 after acquiring an additional 72 shares during the period. Finally, E Fund Management Co. Ltd. lifted its position in Procter & Gamble by 1.6% during the 3rd quarter. E Fund Management Co. Ltd. now owns 4,839 shares of the company’s stock valued at $611,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 62.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PG shares. Raymond James lifted their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. JPMorgan Chase & Co. raised shares of 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 research report on Friday, March 3rd. Citigroup started coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They set a “buy” rating and a $160.00 price target for the company. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a research report on Friday, January 20th. Finally, Barclays decreased their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.27.

Procter & Gamble Stock Performance

PG opened at $150.23 on Wednesday. The firm has a market cap of $354.41 billion, a P/E ratio of 26.36, a PEG ratio of 4.15 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $164.90. The company has a 50 day simple moving average of $141.48 and a two-hundred day simple moving average of $141.36. 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, 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 the consensus estimate of $20.75 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were issued a $0.9133 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.04%.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction 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 transaction, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction 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 transaction, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andre Schulten sold 1,311 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 $180,052.74. Following the completion of the transaction, 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. Over the last quarter, insiders have sold 4,766 shares of company stock valued at $656,511. 0.26% of the stock is currently owned by corporate insiders.

About Procter & Gamble

(Get Rating)

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.