Sightline Wealth Advisors LLC Acquires New Position in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 9th, 2023

Sightline Wealth Advisors LLC bought a new position in The Procter & Gamble Company (NYSE:PG – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,820 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ledyard National Bank lifted its stake in shares of Procter & Gamble by 1.2% in the 3rd quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock valued at $10,233,000 after acquiring an additional 961 shares during the last quarter. Autumn Glory Partners LLC increased its stake in Procter & Gamble by 38.9% in the 3rd quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock worth $1,383,000 after purchasing an additional 3,070 shares during the period. Private Wealth Partners LLC lifted its position in Procter & Gamble by 9.4% in the third quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock valued at $3,586,000 after purchasing an additional 2,445 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its stake in shares of Procter & Gamble by 11.1% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock valued at $4,682,000 after purchasing an additional 3,089 shares during the period. Finally, Udine Wealth Management Inc. bought a new position in shares of Procter & Gamble in the third quarter worth approximately $752,000. 62.13% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the firm’s 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 completion of the sale, the insider now directly owns 10,198 shares in the company, valued at approximately $1,400,593.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Procter & Gamble 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 value of $180,052.74. Following the transaction, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 709 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now directly owns 10,198 shares in the company, 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 valued at $656,511 in the last quarter. 0.26% of the stock is owned by insiders.

Procter & Gamble Trading Up 0.6 %

Shares of NYSE PG opened at $152.22 on Friday. The stock has a market cap of $359.11 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 4.25 and a beta of 0.41. 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 Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $164.90. The firm has a 50-day moving average of $142.13 and a 200 day moving average of $141.63.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were issued a dividend of $0.9133 per share. 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 payout ratio is presently 64.04%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PG. Citigroup initiated coverage on shares of Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company cut their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $150.00 to $155.00 in a research report on Friday, March 3rd. Stifel Nicolaus boosted their target price on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $155.73.

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.