VitalStone Financial LLC Acquires New Stake in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Apr 14th, 2023

VitalStone Financial LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 389 shares of the company’s stock, valued at approximately $59,000.

A number of other large investors have also made changes to their positions in the stock. Axiom Financial Strategies LLC raised its holdings in shares of Procter & Gamble by 7.0% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after buying an additional 113 shares during the period. AMI Investment Management Inc. grew its position in shares of Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after acquiring an additional 233 shares in the last quarter. LSV Asset Management boosted its position in Procter & Gamble by 5.7% during the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,000 shares during the period. Ergoteles LLC acquired a new position in Procter & Gamble during the 1st quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its position in Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 62.13% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of PG opened at $151.77 on Friday. The business’s fifty day moving average price is $142.65 and its two-hundred day moving average price is $141.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. The firm 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 Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results 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. The company 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 firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 EPS. On average, analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Increases Dividend

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

Insider Activity

In other news, CFO Andre Schulten sold 1,311 shares of the business’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 sale, the chief financial officer now directly owns 35,142 shares in the company, valued at $4,826,402.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 2,151 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now 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. Insiders have sold a total of 4,766 shares of company stock worth $656,511 over the last three months. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PG shares. Raymond James lifted 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. UBS Group lifted their target price on Procter & Gamble from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Wells Fargo & Company cut their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. StockNews.com began coverage on Procter & Gamble in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

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.