Hudson Value Partners LLC Lowers Stake in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 13th, 2023

Hudson Value Partners LLC lessened its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 25.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,485 shares of the company’s stock after selling 511 shares during the period. Hudson Value Partners LLC’s holdings in Procter & Gamble were worth $225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EWG Elevate Inc. bought a new position in shares of Procter & Gamble during the 4th quarter worth $26,000. Legend Financial Advisors Inc. purchased a new stake in Procter & Gamble in the third quarter worth about $30,000. Bourgeon Capital Management LLC increased its position in Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares during the period. Paragon Wealth Strategies LLC raised its holdings in shares of Procter & Gamble by 487.2% in the 4th quarter. Paragon Wealth Strategies LLC now owns 276 shares of the company’s stock valued at $42,000 after purchasing an additional 229 shares in the last quarter. Finally, Belmont Capital LLC boosted its stake in shares of Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 62.13% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, CEO Jon R. Moeller sold 2,151 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 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 $295,418.34. Following the completion of the transaction, the chief executive officer now owns 226,748 shares in the company, valued at approximately $31,141,570.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 1,311 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $180,052.74. Following the completion of the sale, the chief financial officer now owns 35,142 shares in the company, valued at approximately $4,826,402.28. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock worth $656,511 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, January 20th. UBS Group raised their price objective on Procter & Gamble from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. Barclays reduced 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. Citigroup began 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. Finally, JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $155.00 in a research note on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.00.

Procter & Gamble Trading Up 0.3 %

NYSE PG opened at $151.07 on Thursday. 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 has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $164.90. The company has a fifty day simple moving average of $142.49 and a two-hundred day simple moving average of $141.89.

Procter & Gamble (NYSE:PG – Get Rating) last announced 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. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same period in the prior year, the company earned $1.66 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share 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 paid a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a yield of 2.49%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Thursday, April 20th. Procter & Gamble’s payout ratio is presently 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.