Capstone Wealth Management Group LLC Acquires 312 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 7th, 2023

Capstone Wealth Management Group LLC grew its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,882 shares of the company’s stock after acquiring an additional 312 shares during the quarter. Procter & Gamble accounts for about 1.3% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 20th largest holding. Capstone Wealth Management Group LLC’s holdings in Procter & Gamble were worth $1,195,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EWG Elevate Inc. bought a new position in shares of Procter & Gamble during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. bought a new position in shares of Procter & Gamble during the third quarter worth about $30,000. Bourgeon Capital Management LLC grew its holdings in shares of Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after buying an additional 71 shares in the last quarter. Horizons Wealth Management bought a new position in shares of Procter & Gamble during the second quarter worth about $52,000. Finally, Belmont Capital LLC grew its holdings in shares of Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after buying an additional 110 shares in the last quarter. 62.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble 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 transaction, the insider now owns 10,198 shares in the company, valued at approximately $1,400,593.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Procter & Gamble 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 transaction, the insider now owns 10,198 shares in the company, valued at approximately $1,400,593.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 2,151 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 $295,418.34. Following the transaction, the chief executive officer now owns 226,748 shares in the company, valued at approximately $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 90 days. Company insiders own 0.26% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $152.22 on Friday. The firm has a market cap of $359.11 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 4.19 and a beta of 0.41. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $164.90. The business’s 50 day moving average is $141.89 and its 200-day moving average is $141.51.

Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, topping 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 return on equity of 32.03% and a net margin of 17.79%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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 dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.04%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PG. Stifel Nicolaus increased their price target 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 began coverage on Procter & Gamble in a research report on Thursday, February 16th. They set a “buy” rating and a $160.00 price target for the company. UBS Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price target for the company from $157.00 to $163.00 in a research report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $162.00 to $156.00 in a research report on Monday, March 20th. Finally, Raymond James increased their price target on Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.27.

Procter & Gamble 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.