The Procter & Gamble Company (NYSE:PG) Stock Position Lessened by Thomas Story & Son LLC

Posted by Defense World Staff on Apr 13th, 2023

Thomas Story & Son LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,452 shares of the company’s stock after selling 1,850 shares during the period. Procter & Gamble comprises approximately 5.1% of Thomas Story & Son LLC’s holdings, making the stock its 5th biggest holding. Thomas Story & Son LLC’s holdings in Procter & Gamble were worth $10,072,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. EWG Elevate Inc. acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $26,000. Legend Financial Advisors Inc. purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $30,000. Bourgeon Capital Management LLC boosted its position in 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 acquiring an additional 71 shares during the last quarter. Paragon Wealth Strategies LLC grew its stake in Procter & Gamble by 487.2% in the 4th quarter. Paragon Wealth Strategies LLC now owns 276 shares of the company’s stock worth $42,000 after acquiring an additional 229 shares during the period. Finally, Belmont Capital LLC raised its holdings in Procter & Gamble by 40.0% in the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after acquiring an additional 110 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised 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. 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, April 6th. Citigroup initiated coverage on shares of Procter & Gamble in a report on Thursday, February 16th. They set a “buy” rating and a $160.00 price objective on the stock. Barclays lowered their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Procter & Gamble from $156.00 to $160.00 in a report on Monday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction dated Wednesday, March 1st. The stock was 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 of the company’s stock, valued at $1,400,593.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction that occurred 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 $1,400,593.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andre Schulten sold 1,311 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the sale, the chief financial officer now owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. 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 ninety days. Insiders own 0.26% of the company’s stock.

Procter & Gamble Trading Up 0.3 %

Shares of PG opened at $151.07 on Thursday. 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 12 month low of $122.18 and a 12 month high of $164.90. The stock has a market cap of $356.40 billion, a PE ratio of 26.50, a P/E/G ratio of 4.21 and a beta of 0.41. The stock’s 50-day moving average is $142.49 and its two-hundred day moving average is $141.89.

Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly 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 firm had revenue of $20.77 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. Equities analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be issued a $0.9407 dividend. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s payout ratio is currently 64.04%.

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.