The Procter & Gamble Company (NYSE:PG) Stake Lifted by Breakwater Capital Group

Posted by Defense World Staff on Jul 16th, 2023

Breakwater Capital Group increased its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,458 shares of the company’s stock after acquiring an additional 225 shares during the period. Breakwater Capital Group’s holdings in Procter & Gamble were worth $514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PG. Capital Investment Advisory Services LLC lifted its stake in Procter & Gamble by 4.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 36,681 shares of the company’s stock valued at $5,559,000 after purchasing an additional 1,711 shares during the last quarter. Deuterium Capital Management LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at approximately $675,000. Sweet Financial Partners LLC lifted its stake in Procter & Gamble by 25.3% during the first quarter. Sweet Financial Partners LLC now owns 10,422 shares of the company’s stock valued at $1,550,000 after purchasing an additional 2,106 shares during the last quarter. First Personal Financial Services lifted its position in shares of Procter & Gamble by 2.8% in the 1st quarter. First Personal Financial Services now owns 66,695 shares of the company’s stock valued at $9,917,000 after acquiring an additional 1,833 shares in the last quarter. Finally, CX Institutional lifted its position in shares of Procter & Gamble by 4.1% in the 4th quarter. CX Institutional now owns 33,743 shares of the company’s stock valued at $5,114,000 after acquiring an additional 1,320 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $150.05 on Friday. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $158.11. The firm’s fifty day simple moving average is $149.25 and its 200 day simple moving average is $147.25. 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 firm has a market capitalization of $353.66 billion, a PE ratio of 26.14, a PEG ratio of 3.83 and a beta of 0.42.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders 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 dividend yield of 2.51%. The ex-dividend date is Thursday, July 20th. Procter & Gamble’s payout ratio is 65.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of Procter & Gamble from $160.00 to $167.00 in a research report on Wednesday, April 26th. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, April 24th. StockNews.com began coverage on shares of Procter & Gamble in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Finally, Evercore ISI increased their target price on shares of Procter & Gamble from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.50.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,300 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $156.33, for a total transaction of $1,922,859.00. Following the completion of the transaction, the insider now directly owns 13,001 shares of the company’s stock, valued at approximately $2,032,446.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 completion of the transaction, the chief operating officer now directly owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,300 shares of Procter & Gamble stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $156.33, for a total transaction of $1,922,859.00. Following the transaction, the insider now directly 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 three months, insiders sold 95,093 shares of company stock valued at $14,821,930. Company insiders own 0.26% of the company’s stock.

Procter & Gamble Company 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.