Hoxton Planning & Management LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 6th, 2023

Hoxton Planning & Management LLC purchased a new position in The Procter & Gamble Company (NYSE:PG – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,899 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds have also made changes to their positions in the company. EWG Elevate Inc. acquired a new position in Procter & Gamble during the 4th quarter worth $26,000. Legend Financial Advisors Inc. bought a new position in shares of Procter & Gamble in the third quarter worth about $30,000. 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 purchasing an additional 71 shares during the last quarter. Belmont Capital LLC boosted its stake in Procter & Gamble by 40.0% during the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after purchasing an additional 110 shares during the period. Finally, Align Wealth Management LLC bought a new position in Procter & Gamble in the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 62.13% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. StockNews.com began coverage on Procter & Gamble in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, January 20th. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. Barclays reduced their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Finally, UBS Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the company from $157.00 to $163.00 in a research note on Wednesday, March 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.27.

Insider Transactions at Procter & Gamble

In related 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 transaction of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the sale, the insider now owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 1,311 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $4,826,402.28. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock valued at $656,511 in the last three months. 0.26% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Shares of PG stock opened at $151.26 on Thursday. 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 fifty day simple moving average is $141.67 and its 200 day simple moving average is $141.43. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.90. The firm has a market cap of $356.84 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 4.17 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Rating) last posted its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share 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 business 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 firm earned $1.66 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were paid a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, January 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.04%.

Procter & Gamble Company Profile

(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

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.