Security Financial Services INC. Increases Position in The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 14th, 2023

Security Financial Services INC. grew its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,937 shares of the company’s stock after acquiring an additional 237 shares during the quarter. Security Financial Services INC.’s holdings in Procter & Gamble were worth $597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Vanguard Group Inc. grew its stake in Procter & Gamble by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after buying an additional 2,197,165 shares during the last quarter. BlackRock Inc. grew its stake in Procter & Gamble by 1.1% during the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after buying an additional 1,811,085 shares during the last quarter. State Street Corp grew its stake in Procter & Gamble by 0.8% during the 3rd quarter. State Street Corp now owns 104,749,256 shares of the company’s stock worth $13,224,594,000 after buying an additional 797,652 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Procter & Gamble by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,938,327 shares of the company’s stock worth $2,435,377,000 after buying an additional 228,272 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in Procter & Gamble by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 9,261,714 shares of the company’s stock worth $1,169,291,000 after buying an additional 344,629 shares during the last quarter. 62.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now owns 10,840 shares in the company, valued at $1,537,328.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the completion of the transaction, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,766 shares of company stock worth $656,511. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com assumed coverage on Procter & Gamble in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Wells Fargo & Company lowered their price target on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a research report on Friday, January 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $156.00 to $160.00 in a research note on Monday. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Finally, Raymond James boosted their price target on Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. Four 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, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Procter & Gamble Stock Up 0.5 %

Shares of PG opened at $151.77 on Friday. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. 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 company has a market capitalization of $358.05 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 4.21 and a beta of 0.41. The stock’s 50-day moving average price is $142.65 and its 200-day moving average price is $141.95.

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

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be given a dividend of $0.9407 per share. The ex-dividend date is Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.48%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio is currently 64.04%.

Procter & Gamble Company 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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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