Freedom Day Solutions LLC Sells 360 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jul 12th, 2023

Freedom Day Solutions LLC reduced its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,150 shares of the company’s stock after selling 360 shares during the period. Freedom Day Solutions LLC’s holdings in Procter & Gamble were worth $1,643,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PG. Eagle Strategies LLC boosted its stake in Procter & Gamble by 1.9% in the 1st quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock worth $524,000 after purchasing an additional 65 shares during the period. Keystone Wealth Services LLC boosted its stake in Procter & Gamble by 2.7% in the 1st 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 period. Steigerwald Gordon & Koch Inc. boosted its stake in Procter & Gamble by 0.7% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 9,953 shares of the company’s stock worth $1,480,000 after purchasing an additional 67 shares during the period. Gradient Capital Advisors LLC boosted its stake in Procter & Gamble by 4.0% in the 1st quarter. Gradient Capital Advisors LLC now owns 1,754 shares of the company’s stock worth $261,000 after purchasing an additional 68 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its stake in Procter & Gamble by 1.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock worth $580,000 after purchasing an additional 69 shares during the period. 64.65% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $148.07 on Wednesday. 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’s 50 day simple moving average is $149.65 and its two-hundred day simple moving average is $147.29. The stock has a market capitalization of $349.00 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $158.11.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly 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 business 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%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. Analysts forecast that The Procter & Gamble Company will post 5.86 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be paid a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.54%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the business’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 transaction of $1,254,720.00. Following the transaction, the chief executive officer now directly owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the business’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 transaction of $1,254,720.00. Following the transaction, the chief executive officer now directly owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andre Schulten sold 25,244 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 27,118 shares in the company, valued at $4,210,611.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,093 shares of company stock valued at $14,821,930. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PG shares. Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price target for the company from $165.00 to $155.00 in a research report on Thursday, May 18th. Raymond James lifted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Sunday, April 23rd. Royal Bank of Canada lifted their price target on Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, April 24th. Evercore ISI lifted their price target on Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Finally, Morgan Stanley lifted their price target on Procter & Gamble from $160.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.50.

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.