The Procter & Gamble Company (NYSE:PG) Shares Sold by FRG Family Wealth Advisors LLC

Posted by Defense World Staff on Apr 7th, 2023

FRG Family Wealth Advisors LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,409 shares of the company’s stock after selling 2,009 shares during the period. Procter & Gamble makes up about 2.3% of FRG Family Wealth Advisors LLC’s portfolio, making the stock its 11th largest holding. FRG Family Wealth Advisors LLC’s holdings in Procter & Gamble were worth $9,610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PG. Vanguard Group Inc. lifted its stake in Procter & Gamble by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after buying an additional 2,197,165 shares in the last quarter. BlackRock Inc. lifted its stake in Procter & Gamble by 1.1% in the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after buying an additional 1,811,085 shares in the last quarter. State Street Corp lifted its stake in Procter & Gamble by 0.8% in the 3rd quarter. State Street Corp now owns 104,749,256 shares of the company’s stock valued at $13,224,594,000 after buying an additional 797,652 shares in the last quarter. Legal & General Group Plc lifted its stake in Procter & Gamble by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock worth $2,665,327,000 after purchasing an additional 637,095 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Procter & Gamble by 22.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock worth $2,382,268,000 after purchasing an additional 3,054,844 shares in the last quarter. 62.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PG. Citigroup began coverage on shares of Procter & Gamble in a research note on Thursday, February 16th. They issued a “buy” rating and a $160.00 target price on the stock. StockNews.com began coverage on shares of Procter & Gamble in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Raymond James raised their target price on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. UBS Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their target price for the stock from $157.00 to $163.00 in a research note on Wednesday, March 1st. Finally, Barclays decreased their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, January 23rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.27.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction 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 transaction, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Andre Schulten sold 1,311 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 transaction of $180,052.74. Following the completion of the sale, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 709 shares of Procter & Gamble 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 sale, the insider now directly owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock worth $656,511 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Up 0.6 %

Procter & Gamble stock opened at $152.22 on Friday. 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. The firm has a 50 day moving average price of $141.89 and a 200 day moving average price of $141.51. The company has a market capitalization of $359.11 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 4.19 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, beating 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 during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were paid a $0.9133 dividend. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is 64.04%.

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.