The Procter & Gamble Company (NYSE:PG) Shares Acquired by Venturi Wealth Management LLC

Posted by Defense World Staff on Apr 16th, 2023

Venturi Wealth Management LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,604 shares of the company’s stock after acquiring an additional 486 shares during the quarter. Venturi Wealth Management LLC’s holdings in Procter & Gamble were worth $2,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. boosted its holdings in Procter & Gamble by 1.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock worth $580,000 after buying an additional 69 shares in the last quarter. Calton & Associates Inc. boosted its holdings in Procter & Gamble by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock worth $536,000 after buying an additional 71 shares in the last quarter. Bourgeon Capital Management LLC raised 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. Wescott Financial Advisory Group LLC raised its position in Procter & Gamble by 0.3% during the first quarter. Wescott Financial Advisory Group LLC now owns 22,385 shares of the company’s stock worth $3,420,000 after acquiring an additional 72 shares during the last quarter. Finally, E Fund Management Co. Ltd. raised its position in Procter & Gamble by 1.6% during the third quarter. E Fund Management Co. Ltd. now owns 4,839 shares of the company’s stock worth $611,000 after acquiring an additional 75 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $155.00 in a research report on Friday, March 3rd. Raymond James lifted their target price on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. UBS Group lifted their target price on shares of Procter & Gamble from $163.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Finally, StockNews.com assumed coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $156.13.

Procter & Gamble Stock Performance

Shares of PG stock opened at $151.00 on Friday. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.90. 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 company has a 50 day moving average price of $143.01 and a 200 day moving average price of $142.19. The firm has a market capitalization of $356.23 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 4.24 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. Procter & Gamble’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts anticipate 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 paid a dividend of $0.9407 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, April 20th. Procter & Gamble’s payout ratio is currently 64.04%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the business’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 $295,418.34. Following the completion of the sale, 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 SEC, which is available through this link. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the business’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 $295,418.34. Following the completion of the sale, 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 SEC, which is available through this link. Also, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock worth $656,511 over the last ninety days. 0.26% of the stock is owned by company insiders.

Procter & Gamble 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.