BSW Wealth Partners Acquires 132 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Sep 12th, 2023

BSW Wealth Partners raised its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,813 shares of the company’s stock after acquiring an additional 132 shares during the quarter. Procter & Gamble makes up approximately 0.8% of BSW Wealth Partners’ holdings, making the stock its 21st biggest position. BSW Wealth Partners’ holdings in Procter & Gamble were worth $4,136,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PG. Moneta Group Investment Advisors LLC boosted its holdings in shares of Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after buying an additional 38,495,676 shares during the last quarter. Norges Bank acquired a new stake in Procter & Gamble during the 4th quarter valued at $3,752,321,000. Price T Rowe Associates Inc. MD lifted its holdings in Procter & Gamble by 42.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,386,838 shares of the company’s stock valued at $3,626,080,000 after purchasing an additional 7,235,990 shares during the last quarter. Morgan Stanley lifted its holdings in Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Procter & Gamble by 43.9% during the 4th quarter. Alliancebernstein L.P. now owns 9,462,510 shares of the company’s stock valued at $1,434,138,000 after purchasing an additional 2,888,007 shares during the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $154.75 on Tuesday. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.38. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $153.20 and its two-hundred day moving average price is $149.95. The stock has a market cap of $364.79 billion, a PE ratio of 26.23, a P/E/G ratio of 3.82 and a beta of 0.42.

Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The firm had revenue of $20.60 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.39 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Thursday, July 20th. Procter & Gamble’s payout ratio is 63.73%.

Wall Street Analysts Forecast Growth

PG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on Procter & Gamble from $170.00 to $173.00 and gave the company a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus raised their price target on Procter & Gamble from $155.00 to $161.00 in a report on Monday, July 31st. Bank of America raised their price target on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Barclays increased their price objective on Procter & Gamble from $160.00 to $166.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.82.

Get Our Latest Research Report on Procter & Gamble

Insider Activity

In other news, CFO Andre Schulten sold 806 shares of Procter & Gamble stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $152.85, for a total transaction of $123,197.10. Following the sale, the chief financial officer now directly owns 28,373 shares of the company’s stock, valued at $4,336,813.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Andre Schulten sold 806 shares of Procter & Gamble stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $152.85, for a total transaction of $123,197.10. Following the sale, the chief financial officer now directly owns 28,373 shares of the company’s stock, valued at $4,336,813.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 10,094 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total value of $1,554,476.00. Following the completion of the transaction, the chief executive officer now directly owns 36,896 shares in the company, valued at $5,681,984. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,607 shares of company stock valued at $16,523,793. 0.17% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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