The Procter & Gamble Company (NYSE:PG) Shares Sold by Forum Financial Management LP

Posted by on Apr 5th, 2023

Forum Financial Management LP decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,451 shares of the company’s stock after selling 1,114 shares during the quarter. Forum Financial Management LP’s holdings in Procter & Gamble were worth $2,948,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EWG Elevate Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $26,000. Legend Financial Advisors Inc. acquired a new position in Procter & Gamble in the third quarter valued at $30,000. Bourgeon Capital Management LLC boosted its holdings in Procter & Gamble by 39.9% in the fourth 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 last quarter. Horizons Wealth Management acquired a new position in Procter & Gamble in the second quarter valued at $52,000. Finally, Belmont Capital LLC boosted its holdings in Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG opened at $150.23 on Wednesday. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $164.90. The firm has a market cap of $354.41 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 4.15 and a beta of 0.41. 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 stock’s 50-day simple moving average is $141.48 and its 200-day simple moving average is $141.36.

Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were issued a $0.9133 dividend. This represents a $3.65 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, January 19th. Procter & Gamble’s dividend payout ratio is currently 64.04%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Procter & Gamble news, 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 value of $295,418.34. Following the completion of the transaction, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 435 shares of Procter & Gamble 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 of the company’s stock, valued at $1,537,328.80. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock valued at $656,511 over the last three months. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $162.00 to $156.00 in a report on Monday, March 20th. Wells Fargo & Company reduced 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. Stifel Nicolaus raised their price objective on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Citigroup started coverage on Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, 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 research report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.27.

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.

Featured Articles

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Get Rating).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.