Beaird Harris Wealth Management LLC Sells 223 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jul 11th, 2023

Beaird Harris Wealth Management LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 8.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,422 shares of the company’s stock after selling 223 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Procter & Gamble were worth $360,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Strategies LLC increased its holdings in Procter & Gamble by 1.9% during the 1st quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock valued at $524,000 after purchasing an additional 65 shares in the last quarter. Keystone Wealth Services LLC grew its holdings in shares of Procter & Gamble by 2.7% during the first quarter. Keystone Wealth Services LLC now owns 2,562 shares of the company’s stock worth $381,000 after purchasing an additional 67 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Procter & Gamble by 0.7% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 9,953 shares of the company’s stock valued at $1,480,000 after buying an additional 67 shares during the last quarter. Gradient Capital Advisors LLC lifted its position in Procter & Gamble by 4.0% during the 1st quarter. Gradient Capital Advisors LLC now owns 1,754 shares of the company’s stock worth $261,000 after buying an additional 68 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in Procter & Gamble by 1.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock worth $580,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Monday, April 24th. Evercore ISI upped their price objective on Procter & Gamble from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Truist Financial cut Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the company from $165.00 to $155.00 in a research note on Thursday, May 18th. Barclays upped their price target on Procter & Gamble from $160.00 to $167.00 in a research note on Wednesday, April 26th. Finally, Jefferies Financial Group lifted their price objective on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $161.50.

Procter & Gamble Trading Up 0.1 %

Shares of NYSE PG opened at $148.93 on Tuesday. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.11. The stock has a market cap of $351.02 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 3.83 and a beta of 0.42. 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 company’s fifty day moving average is $149.82 and its 200-day moving average is $147.32.

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 13,697 shares of Procter & Gamble stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 883 shares of the company’s stock, valued at $137,536.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Procter & Gamble news, CFO Andre Schulten sold 25,244 shares of Procter & Gamble stock in a transaction dated Monday, April 24th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew W. Janzaruk sold 13,697 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $155.76, for a total value of $2,133,444.72. Following the transaction, the chief accounting officer now directly owns 883 shares of the company’s stock, valued at $137,536.08. The disclosure for this sale can be found here. In the last three months, insiders sold 95,093 shares of company stock worth $14,821,930. 0.26% of the stock is owned by company insiders.

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.