CHICAGO TRUST Co NA Sells 1,948 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jun 22nd, 2023

CHICAGO TRUST Co NA lessened its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,775 shares of the company’s stock after selling 1,948 shares during the quarter. Procter & Gamble accounts for approximately 0.8% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 24th biggest position. CHICAGO TRUST Co NA’s holdings in Procter & Gamble were worth $3,386,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Affirmative Financial Network lifted its position in Procter & Gamble by 12.1% during the first quarter. First Affirmative Financial Network now owns 3,649 shares of the company’s stock worth $543,000 after purchasing an additional 394 shares during the period. O Keefe Stevens Advisory Inc. lifted its position in Procter & Gamble by 34.8% during the first quarter. O Keefe Stevens Advisory Inc. now owns 2,291 shares of the company’s stock worth $341,000 after purchasing an additional 591 shares during the period. Wedmont Private Capital lifted its position in Procter & Gamble by 24.4% during the first quarter. Wedmont Private Capital now owns 19,168 shares of the company’s stock worth $2,894,000 after purchasing an additional 3,759 shares during the period. RMR Wealth Builders lifted its position in Procter & Gamble by 4.1% during the first quarter. RMR Wealth Builders now owns 5,753 shares of the company’s stock worth $855,000 after purchasing an additional 225 shares during the period. Finally, Stolper Co lifted its position in Procter & Gamble by 1.5% during the first quarter. Stolper Co now owns 12,217 shares of the company’s stock worth $1,817,000 after purchasing an additional 178 shares during the period. Institutional investors own 64.65% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $149.45 on Thursday. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.11. The stock has a market capitalization of $352.25 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 4.16 and a beta of 0.41. The company has a fifty day moving average of $150.71 and a 200-day moving average of $147.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59.

Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings data on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The company had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that The Procter & Gamble Company will post 5.86 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were issued a dividend of $0.9407 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, April 20th. Procter & Gamble’s dividend payout ratio is currently 65.51%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays increased their target price on shares of Procter & Gamble from $160.00 to $167.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 24th. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock a “sector perform” rating in a report on Monday, April 24th. Finally, Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the company from $165.00 to $155.00 in a research note on Thursday, May 18th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.50.

Insiders Place Their Bets

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 13,697 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $155.76, for a total value of $2,133,444.72. Following the completion of the transaction, the chief accounting officer now directly owns 883 shares in the company, valued at approximately $137,536.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Andre Schulten sold 25,244 shares of the stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $155.27, for a total value of $3,919,635.88. Following the completion of the transaction, the chief financial officer now directly owns 27,118 shares in the company, valued at approximately $4,210,611.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew W. Janzaruk sold 13,697 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $155.76, for a total transaction of $2,133,444.72. Following the sale, the chief accounting officer now directly owns 883 shares in the company, valued at $137,536.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,093 shares of company stock worth $14,821,930. 0.26% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

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The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.