The Procter & Gamble Company (NYSE:PG) Position Lowered by Montrusco Bolton Investments Inc.

Posted by Defense World Staff on Apr 10th, 2023

Montrusco Bolton Investments Inc. reduced its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,218 shares of the company’s stock after selling 758 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Procter & Gamble were worth $5,792,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PG. Hartford Funds Management Co LLC raised its holdings in shares of Procter & Gamble by 47.5% during the fourth quarter. Hartford Funds Management Co LLC now owns 3,062 shares of the company’s stock worth $464,000 after purchasing an additional 986 shares during the period. Summit Place Financial Advisors LLC raised its stake in Procter & Gamble by 9.6% during the fourth quarter. Summit Place Financial Advisors LLC now owns 11,441 shares of the company’s stock worth $1,734,000 after acquiring an additional 1,000 shares during the period. Kohmann Bosshard Financial Services LLC lifted its holdings in Procter & Gamble by 6.1% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 1,891 shares of the company’s stock worth $287,000 after acquiring an additional 108 shares during the last quarter. Monument Capital Management boosted its stake in Procter & Gamble by 0.4% in the fourth quarter. Monument Capital Management now owns 18,012 shares of the company’s stock valued at $2,730,000 after acquiring an additional 75 shares during the period. Finally, Ballast Advisors LLC raised its position in shares of Procter & Gamble by 17.3% during the 4th quarter. Ballast Advisors LLC now owns 3,517 shares of the company’s stock worth $533,000 after purchasing an additional 518 shares during the period. Institutional investors own 62.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PG shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $162.00 to $156.00 in a research report on Monday, March 20th. Raymond James upped their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $155.00 in a research report on Friday, March 3rd. Citigroup initiated coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 target price for the company. Finally, UBS Group lifted their price target on Procter & Gamble from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.73.

Insider Transactions at Procter & Gamble

In other news, CEO Jon R. Moeller sold 2,151 shares of the company’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 $295,418.34. Following the completion of the sale, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $295,418.34. Following the transaction, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. 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 three months. 0.26% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.6 %

Shares of PG stock opened at $152.22 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $142.13 and a 200 day simple moving average of $141.68. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $164.90. The stock has a market capitalization of $359.11 billion, a P/E ratio of 26.71, a P/E/G ratio of 4.25 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 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 company had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter last year, the firm posted $1.66 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were issued 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 is currently 64.04%.

Procter & Gamble Company Profile

(Get Rating)

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.