Shufro Rose & Co. LLC Has $534,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jul 5th, 2023

Shufro Rose & Co. LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 16.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,592 shares of the company’s stock after selling 708 shares during the period. Shufro Rose & Co. LLC’s holdings in Procter & Gamble were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PG. Vanguard Group Inc. raised its holdings in shares of Procter & Gamble by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after acquiring an additional 2,197,165 shares during the last quarter. State Street Corp raised its holdings in shares of Procter & Gamble by 0.8% in the 3rd 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. Geode Capital Management LLC raised its holdings in shares of Procter & Gamble by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 46,243,572 shares of the company’s stock worth $6,997,559,000 after acquiring an additional 323,292 shares during the last quarter. Morgan Stanley raised its holdings in shares of Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after acquiring an additional 4,959,527 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after acquiring an additional 38,495,676 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $152.50 on Wednesday. The stock has a market cap of $359.44 billion, a PE ratio of 26.57, a PEG ratio of 3.93 and a beta of 0.42. The company’s fifty day moving average is $150.26 and its 200 day moving average is $147.34. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.11. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG – Free Report) last issued its earnings results on Friday, April 21st. The company reported $1.37 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 net margin of 17.69% and a return on equity of 32.18%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. Research analysts anticipate that The Procter & Gamble Company will post 5.86 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, April 20th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Analyst Ratings Changes

Several research firms have commented on PG. Evercore ISI increased their price objective on shares of Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Royal Bank of Canada raised their price objective 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. UBS Group raised their price objective on shares of Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Barclays increased their target price on shares of Procter & Gamble from $160.00 to $167.00 in a research note on Wednesday, April 26th. Finally, Jefferies Financial Group increased their target price on shares of Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $161.50.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now owns 27,118 shares of the company’s stock, valued at approximately $4,210,611.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Andre Schulten sold 25,244 shares of Procter & Gamble stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the sale, the chief financial officer now owns 27,118 shares of the company’s stock, valued at approximately $4,210,611.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $156.03, for a total transaction 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 $1,562,484.42. The disclosure for this sale can be found here. Insiders have sold a total of 95,093 shares of company stock valued at $14,821,930 in the last quarter. Insiders own 0.26% of the company’s stock.

About Procter & Gamble

(Free Report)

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.