The Procter & Gamble Company (NYSE:PG) Shares Purchased by IRON Financial LLC

Posted by Defense World Staff on Jul 14th, 2023

IRON Financial LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,959 shares of the company’s stock after acquiring an additional 122 shares during the quarter. IRON Financial LLC’s holdings in Procter & Gamble were worth $886,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PG. Axiom Financial Strategies LLC increased its holdings in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares during the period. AMI Investment Management Inc. increased its holdings in Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after buying an additional 233 shares during the period. LSV Asset Management increased its holdings in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after buying an additional 1,000 shares during the period. Ergoteles LLC purchased a new stake in Procter & Gamble in the 1st quarter worth approximately $3,073,000. Finally, Wsfs Capital Management LLC boosted its position in Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Procter & Gamble Stock Up 0.1 %

Shares of NYSE:PG opened at $148.95 on Friday. The business has a 50-day moving average price of $149.37 and a 200 day moving average price of $147.31. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $351.07 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 3.83 and a beta of 0.42. 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 Free Report) last announced its earnings results on Friday, April 21st. The company reported $1.37 EPS 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 during the quarter, compared to analysts’ expectations of $19.32 billion. During the same period last year, the business posted $1.33 EPS. Procter & Gamble’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 5.86 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be issued a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, July 20th. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PG shares. UBS Group upped their price objective on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $165.00 to $155.00 in a research report on Thursday, May 18th. Barclays upped their price objective on Procter & Gamble from $160.00 to $167.00 in a research report on Wednesday, April 26th. Raymond James upped their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Sunday, April 23rd. Finally, Jefferies Financial Group increased their target price on Procter & Gamble from $171.00 to $175.00 and gave the company a “buy” 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.50.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the completion of the transaction, the chief financial officer now directly owns 27,118 shares in the company, valued at approximately $4,210,611.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Ma. Fatima Francisco sold 8,000 shares of Procter & Gamble stock in a transaction dated 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 transaction, the chief executive officer now owns 9,343 shares in the company, valued at approximately $1,465,356.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $3,919,635.88. Following the completion of the transaction, the chief financial officer now owns 27,118 shares of the company’s stock, valued at approximately $4,210,611.86. The disclosure for this sale can be found here. Insiders sold 95,093 shares of company stock worth $14,821,930 in the last three months. 0.26% of the stock is owned by company insiders.

Procter & Gamble Profile

(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.