Vontobel Holding Ltd. Has $179.65 Million Stake in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jun 24th, 2023

Vontobel Holding Ltd. lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 330.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,208,182 shares of the company’s stock after buying an additional 927,540 shares during the quarter. Procter & Gamble comprises approximately 1.0% of Vontobel Holding Ltd.’s investment portfolio, making the stock its 18th biggest holding. Vontobel Holding Ltd. owned about 0.05% of Procter & Gamble worth $179,645,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Keystone Wealth Services LLC increased its stake in shares of Procter & Gamble by 2.7% in the first quarter. Keystone Wealth Services LLC now owns 2,562 shares of the company’s stock valued at $381,000 after buying an additional 67 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Procter & Gamble by 1.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock valued at $580,000 after buying an additional 69 shares during the period. Calton & Associates Inc. increased its stake in shares of Procter & Gamble by 2.0% in the fourth quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock valued at $536,000 after buying an additional 71 shares during the period. Bourgeon Capital Management LLC increased its stake in shares of Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after buying an additional 71 shares during the period. Finally, Atticus Wealth Management LLC increased its stake in shares of Procter & Gamble by 0.8% in the fourth quarter. Atticus Wealth Management LLC now owns 8,751 shares of the company’s stock valued at $1,326,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $148.46 on Friday. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.11. The business’s fifty day moving average is $150.63 and its 200 day moving average is $147.42. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.51. The stock has a market cap of $349.90 billion, a P/E ratio of 25.86, a P/E/G ratio of 4.16 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. Procter & Gamble’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.86 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.53%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, April 20th. Procter & Gamble’s payout ratio is currently 65.51%.

Analysts Set New Price Targets

A number of research firms have weighed in on PG. Truist Financial downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $165.00 to $155.00 in a research report on Thursday, May 18th. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, April 24th. Jefferies Financial Group increased their target price on shares of Procter & Gamble from $171.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, April 24th. UBS Group increased their target price on shares of Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Finally, StockNews.com initiated coverage on shares of Procter & Gamble in a research report on Thursday, May 18th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.50.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,300 shares of Procter & Gamble stock in a transaction on Monday, April 24th. The shares were sold at an average price of $156.33, for a total transaction of $1,922,859.00. Following the transaction, the insider now directly owns 13,001 shares of the company’s stock, valued at approximately $2,032,446.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $156.03, for a total value of $4,836,930.00. Following the transaction, the chief operating officer now directly owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 12,300 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $156.33, for a total transaction of $1,922,859.00. Following the completion of the transaction, the insider now directly owns 13,001 shares in the company, valued at $2,032,446.33. The disclosure for this sale can be found here. Insiders have sold 95,093 shares of company stock valued at $14,821,930 in the last three months. 0.26% of the stock is currently owned by insiders.

About Procter & Gamble

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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.