Securian Asset Management Inc. Has $29.45 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jul 17th, 2023

Securian Asset Management Inc. grew its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 0.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,062 shares of the company’s stock after purchasing an additional 214 shares during the period. Procter & Gamble comprises about 0.8% of Securian Asset Management Inc.’s holdings, making the stock its 21st largest position. Securian Asset Management Inc.’s holdings in Procter & Gamble were worth $29,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EWG Elevate Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $26,000. Silicon Valley Capital Partners acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $28,000. IAG Wealth Partners LLC boosted its holdings in shares of Procter & Gamble by 58.8% during the 1st quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock worth $36,000 after buying an additional 90 shares during the period. Luken Investment Analytics LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $37,000. Finally, Kepos Capital LP bought a new position in Procter & Gamble in the 4th quarter worth $38,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group raised their price target on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, April 24th. StockNews.com began coverage on Procter & Gamble in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Morgan Stanley increased their price objective on Procter & Gamble from $160.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, April 24th. Raymond James boosted their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Sunday, April 23rd. Finally, Truist Financial downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $155.00 in a report on Thursday, May 18th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $161.50.

Procter & Gamble Price Performance

Shares of PG stock opened at $150.05 on Monday. 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 stock’s fifty day simple moving average is $149.25 and its 200 day simple moving average is $147.21. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $158.11. The firm has a market cap of $353.66 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.86 and a beta of 0.42.

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

Procter & Gamble Announces Dividend

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

Insider Transactions at Procter & Gamble

In related news, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 27,118 shares of the company’s stock, valued at approximately $4,210,611.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ma. Fatima Francisco sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $156.84, for a total value of $1,254,720.00. Following the completion of the sale, the chief executive officer now owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Andre Schulten sold 25,244 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 27,118 shares in the company, valued at approximately $4,210,611.86. The disclosure for this sale can be found here. Insiders have sold 95,093 shares of company stock valued at $14,821,930 in the last three months. 0.26% of the stock is owned by corporate insiders.

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.