Avaii Wealth Management LLC Purchases New Holdings in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 7th, 2023

Avaii Wealth Management LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,668 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 1.0% in the third 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 during the period. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.1% in the third 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 during the period. State Street Corp boosted its stake in shares of Procter & Gamble by 0.8% in the third 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 during the period. Legal & General Group Plc boosted its stake in shares of Procter & Gamble by 3.6% in the second quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock valued at $2,665,327,000 after buying an additional 637,095 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Procter & Gamble by 22.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after buying an additional 3,054,844 shares during the period. 62.13% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 0.6 %

Shares of NYSE:PG opened at $152.22 on Friday. 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. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $164.90. The company has a fifty day moving average of $141.89 and a 200-day moving average of $141.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56.

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

Procter & Gamble Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PG. Stifel Nicolaus boosted their price target on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Friday, January 20th. StockNews.com initiated coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They set a “hold” rating for the company. UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $157.00 to $163.00 in a research report on Wednesday, March 1st. Raymond James boosted 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 set a “buy” rating and a $160.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.27.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the company’s 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 owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the company’s 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 owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 709 shares of the company’s 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 sale, the insider now directly owns 10,198 shares in the company, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock worth $656,511 over the last three months. 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.