James Investment Research Inc. Has $10.23 Million Position in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 13th, 2023

James Investment Research Inc. reduced its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,502 shares of the company’s stock after selling 2,369 shares during the quarter. Procter & Gamble comprises 1.4% of James Investment Research Inc.’s portfolio, making the stock its 14th biggest position. James Investment Research Inc.’s holdings in Procter & Gamble were worth $10,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ledyard National Bank grew its position 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 purchasing an additional 961 shares during the period. Autumn Glory Partners LLC grew its position in shares of Procter & Gamble by 38.9% in the 3rd quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock valued at $1,383,000 after purchasing an additional 3,070 shares during the period. Private Wealth Partners LLC grew its position in shares of Procter & Gamble by 9.4% in the 3rd 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 period. Oak Harbor Wealth Partners LLC grew its position in shares of Procter & Gamble by 11.1% in the 4th 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. acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $752,000. 62.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays decreased their price objective on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Raymond James boosted their target price on Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. Citigroup assumed coverage on Procter & Gamble in a research note on Thursday, February 16th. They issued a “buy” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Finally, StockNews.com assumed coverage on Procter & Gamble in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Insider Activity

In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the firm’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 $97,374.06. Following the transaction, the insider now owns 10,198 shares in the company, valued at approximately $1,400,593.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction dated Wednesday, March 1st. The stock was 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 in the company, valued at $31,141,570.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,766 shares of company stock worth $656,511. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Up 0.3 %

Procter & Gamble stock opened at $151.07 on Thursday. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $164.90. The stock has a market cap of $356.40 billion, a P/E ratio of 26.50, a P/E/G ratio of 4.21 and a beta of 0.41. The company’s 50-day moving average price is $142.49 and its two-hundred day moving average price is $141.89. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG – Get Rating) last announced its 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 company had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Increases Dividend

The firm 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 is Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.49%. This is an increase 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.