Asset Management Corp IL ADV Sells 1,562 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 5th, 2023

Asset Management Corp IL ADV trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,416 shares of the company’s stock after selling 1,562 shares during the quarter. Asset Management Corp IL ADV’s holdings in Procter & Gamble were worth $669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. EWG Elevate Inc. bought a new position in Procter & Gamble in the 4th quarter worth about $26,000. Legend Financial Advisors Inc. bought a new position in Procter & Gamble in the 3rd quarter worth about $30,000. Bourgeon Capital Management LLC boosted its holdings in shares of Procter & Gamble by 39.9% in the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares in the last quarter. Belmont Capital LLC boosted its holdings in shares of Procter & Gamble by 40.0% in the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after purchasing an additional 110 shares in the last quarter. Finally, Align Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $50,000. 62.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $162.00 to $156.00 in a report on Monday, March 20th. Raymond James upped their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. Wells Fargo & Company dropped their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, January 20th. Finally, Barclays dropped 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $155.27.

Procter & Gamble Trading Up 0.5 %

NYSE PG opened at $150.23 on Wednesday. The stock has a market cap of $354.41 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 4.15 and a beta of 0.41. The stock has a 50 day simple moving average of $141.48 and a two-hundred day simple moving average of $141.36. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $164.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56.

Procter & Gamble (NYSE:PG – Get Rating) last posted its earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion during 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 company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS. On average, analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value 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 document filed with the SEC, which is accessible through this link. In other news, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value 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 document filed with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 2,151 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 $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. Insiders have sold a total of 4,766 shares of company stock worth $656,511 in the last ninety days. Insiders own 0.26% of the company’s stock.

Procter & Gamble Company 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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