Fermata Advisors LLC Cuts Position in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jun 25th, 2023

Fermata Advisors LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 30.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,111 shares of the company’s stock after selling 1,827 shares during the quarter. Fermata Advisors LLC’s holdings in Procter & Gamble were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. EWG Elevate Inc. purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $26,000. Silicon Valley Capital Partners acquired a new position in shares of Procter & Gamble in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in shares of Procter & Gamble in the third quarter worth about $30,000. Luken Investment Analytics LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $37,000. Finally, Bourgeon Capital Management LLC increased its holdings in Procter & Gamble by 39.9% in the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 64.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $171.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 24th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $155.00 in a research report on Friday, March 3rd. StockNews.com began coverage on Procter & Gamble in a research note on Thursday, May 18th. They set a “buy” rating for the company. Morgan Stanley raised their target price on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, April 24th. Finally, UBS Group boosted their price target on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.50.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $148.46 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39. The business has a 50 day simple moving average of $150.63 and a two-hundred day simple moving average of $147.41. The stock has a market capitalization of $349.92 billion, a P/E ratio of 25.86, a PEG ratio of 4.13 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $122.18 and a 12 month high of $158.11.

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

Procter & Gamble Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $156.84, for a total value of $1,254,720.00. Following the completion of the sale, the chief executive officer now directly owns 9,343 shares in the company, valued at $1,465,356.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Balaji Purushothaman sold 12,300 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 13,001 shares in the company, valued at approximately $2,032,446.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $156.84, for a total value of $1,254,720.00. Following the completion of the transaction, the chief executive officer now owns 9,343 shares in the company, valued at $1,465,356.12. 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 ninety days. 0.26% of the stock is currently owned by corporate 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.