Sargent Investment Group LLC Acquires 300 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 16th, 2023

Sargent Investment Group LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,209 shares of the company’s stock after buying an additional 300 shares during the quarter. Sargent Investment Group LLC’s holdings in Procter & Gamble were worth $1,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PG. EWG Elevate Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $26,000. Legend Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble during the third quarter valued at about $30,000. Bourgeon Capital Management LLC boosted its stake in shares of Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares in the last quarter. Paragon Wealth Strategies LLC boosted its stake in shares of Procter & Gamble by 487.2% during the fourth 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 raised its position in shares of Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after acquiring an additional 110 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Down 0.5 %

NYSE PG opened at $151.00 on Friday. The company has a market cap of $356.23 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 4.24 and a beta of 0.41. 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 Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. The business has a 50 day moving average price of $143.01 and a 200-day moving average price of $142.19.

Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. The company had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. Procter & Gamble’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 21st will be given a dividend of $0.9407 per share. 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. This represents a $3.76 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is presently 64.04%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 709 shares of Procter & Gamble 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 $97,374.06. Following the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the business’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 $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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 709 shares of the business’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 completion of the transaction, the insider now directly owns 10,198 shares in the company, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock valued at $656,511 over the last 90 days. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. Raymond James raised their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $155.00 in a research report on Friday, March 3rd. Stifel Nicolaus lifted their target price on Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a report on Friday, January 20th. Finally, UBS Group lifted their target price on Procter & Gamble from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. 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, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $156.13.

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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