Verum Partners LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 7th, 2023

Verum Partners LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,932 shares of the company’s stock, valued at approximately $747,000.

Several other large investors also recently made changes to their positions in the company. Cornerstone Wealth Group LLC increased its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Cornerstone Wealth Group LLC now owns 45,412 shares of the company’s stock valued at $6,883,000 after purchasing an additional 975 shares during the period. Daymark Wealth Partners LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $49,969,000. Capstone Wealth Management Group LLC increased its stake in shares of Procter & Gamble by 4.1% in the fourth quarter. Capstone Wealth Management Group LLC now owns 7,882 shares of the company’s stock valued at $1,195,000 after purchasing an additional 312 shares during the period. Avaii Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $253,000. Finally, Cassia Capital Partners LLC increased its stake in shares of Procter & Gamble by 53.9% during the fourth quarter. Cassia Capital Partners LLC now owns 3,924 shares of the company’s stock valued at $595,000 after acquiring an additional 1,374 shares during the period. Institutional investors and hedge funds own 62.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. 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 note on Monday, January 23rd. UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the company from $157.00 to $163.00 in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. Finally, Citigroup assumed coverage on shares of Procter & Gamble in a research note on Thursday, February 16th. They set a “buy” rating and a $160.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.27.

Procter & Gamble Trading Up 0.6 %

Procter & Gamble stock opened at $152.22 on Friday. The company has a 50 day moving average price of $141.89 and a 200 day moving average price of $141.51. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 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 market capitalization of $359.11 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 4.19 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $20.75 billion. During the same quarter last year, the business posted $1.66 EPS. The company’s revenue was down .9% on a year-over-year basis. Research analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were paid a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s dividend payout ratio is 64.04%.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 709 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 $97,374.06. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, insider Susan Street Whaley sold 709 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 $97,374.06. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at 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 transaction of $295,418.34. Following 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 90 days, insiders sold 4,766 shares of company stock valued at $656,511. Company insiders own 0.26% of the company’s stock.

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.