Taylor Frigon Capital Management LLC Sells 138 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jul 14th, 2023

Taylor Frigon Capital Management LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,107 shares of the company’s stock after selling 138 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Procter & Gamble were worth $1,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EWG Elevate Inc. purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $26,000. Silicon Valley Capital Partners purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $28,000. IAG Wealth Partners LLC increased its holdings in shares of Procter & Gamble by 58.8% in the 1st quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after acquiring an additional 90 shares during the period. Luken Investment Analytics LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $37,000. Finally, Bourgeon Capital Management LLC increased its holdings in shares of Procter & Gamble by 39.9% in the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after acquiring an additional 71 shares during the period. 64.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the transaction, the chief operating officer now owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the completion of the sale, the chief operating officer now directly owns 10,014 shares in the company, valued at approximately $1,562,484.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 12,300 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $156.33, for a total value of $1,922,859.00. Following the sale, the insider now owns 13,001 shares of the company’s stock, valued at $2,032,446.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,093 shares of company stock valued at $14,821,930. 0.26% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of PG stock opened at $148.95 on Friday. The stock has a market cap of $351.07 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42. The business has a 50-day simple moving average of $149.37 and a 200-day simple moving average of $147.31. 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 Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.11.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings data on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. The business had revenue of $20.07 billion during 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 company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 5.86 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Morgan Stanley boosted their target price on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, April 24th. Raymond James boosted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Sunday, April 23rd. Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the stock from $165.00 to $155.00 in a research note on Thursday, May 18th. Finally, Royal Bank of Canada boosted their target price on Procter & Gamble from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Monday, April 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $161.50.

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.