G&S Capital LLC Acquires 109 Shares of The Procter & Gamble Company (NYSE:PG)

12 Apr 2024, 15:40 by Renee Jackson · The Cerbat Gem

G&S Capital LLC grew its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,154 shares of the company’s stock after acquiring an additional 109 shares during the quarter. G&S Capital LLC’s holdings in Procter & Gamble were worth $1,781,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Procter & Gamble by 96,526.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after acquiring an additional 38,495,676 shares in the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $3,752,321,000. Morgan Stanley grew its holdings in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the last quarter. Barclays PLC increased its position in shares of Procter & Gamble by 118.1% in the 2nd quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock valued at $961,170,000 after acquiring an additional 3,429,929 shares during the period. Finally, Cerity Partners LLC lifted its position in Procter & Gamble by 106.2% during the 4th quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after acquiring an additional 3,159,796 shares during the period. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PG shares. UBS Group upped their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Barclays lifted their price target on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada upped their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $168.35.

View Our Latest Research Report on Procter & Gamble

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.1 %

Procter & Gamble stock traded down $0.22 during midday trading on Friday, hitting $155.62. 628,962 shares of the stock were exchanged, compared to its average volume of 6,792,594. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The stock’s 50-day simple moving average is $159.38 and its 200 day simple moving average is $152.54. The stock has a market capitalization of $366.18 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 3.21 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter last year, the company posted $1.59 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is presently 62.98%.

Procter & Gamble Profile

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