F M Investments LLC Purchases New Position in The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 16th, 2023

F M Investments LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,368 shares of the company’s stock, valued at approximately $359,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after purchasing an additional 2,197,165 shares during the last quarter. BlackRock Inc. raised its stake in shares of Procter & Gamble by 1.1% in the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after acquiring an additional 1,811,085 shares during the last quarter. State Street Corp raised its stake in shares of Procter & Gamble by 0.8% in the third quarter. State Street Corp now owns 104,749,256 shares of the company’s stock worth $13,224,594,000 after acquiring an additional 797,652 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Procter & Gamble by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,938,327 shares of the company’s stock worth $2,435,377,000 after acquiring an additional 228,272 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Procter & Gamble by 3.9% in the third quarter. California Public Employees Retirement System now owns 9,261,714 shares of the company’s stock worth $1,169,291,000 after acquiring an additional 344,629 shares during the last quarter. 62.13% of the stock is owned by institutional investors.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 709 shares of the firm’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 value of $97,374.06. Following the transaction, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan Street Whaley sold 709 shares of the firm’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 sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 1,311 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. 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. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PG shares. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, January 20th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $150.00 to $155.00 in a report on Friday, March 3rd. StockNews.com began coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They set a “hold” rating on the stock. UBS Group boosted their price target 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, Raymond James boosted their target price on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $156.13.

Procter & Gamble Stock Down 0.5 %

Shares of NYSE PG 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 current ratio of 0.56 and a quick ratio of 0.37. The firm’s 50 day simple moving average is $143.01 and its two-hundred day simple moving average is $142.19. The stock has a market capitalization of $356.23 billion, a P/E ratio of 26.49, a PEG ratio of 4.24 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (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 for the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business’s revenue was down .9% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced 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 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 dividend payout ratio (DPR) is currently 64.04%.

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.

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

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