MUFG Securities EMEA plc Lowers Holdings in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 5th, 2023

MUFG Securities EMEA plc decreased its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,002 shares of the company’s stock after selling 1,850 shares during the quarter. MUFG Securities EMEA plc’s holdings in Procter & Gamble were worth $607,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PG. Axiom Financial Strategies LLC raised its holdings in Procter & Gamble by 7.0% in the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after acquiring an additional 113 shares in the last quarter. AMI Investment Management Inc. raised its holdings in Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares in the last quarter. LSV Asset Management raised its holdings in Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares in the last quarter. Ergoteles LLC acquired a new stake in Procter & Gamble during the first quarter worth approximately $3,073,000. Finally, Wsfs Capital Management LLC raised its holdings in Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

NYSE:PG opened at $150.23 on Wednesday. The company has a market capitalization of $354.41 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 4.15 and a beta of 0.41. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $164.90. The stock has a fifty day simple moving average of $141.48 and a 200-day simple moving average of $141.36.

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

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 2,151 shares of the 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 $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the completion of the sale, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 2,151 shares of the 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 $295,418.34. Following the completion of the sale, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,766 shares of company stock valued at $656,511. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. StockNews.com initiated coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Barclays lowered their price objective on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Raymond James lifted their price objective 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. Finally, Citigroup initiated coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.27.

About Procter & Gamble

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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.