StoneX Group Inc. lifted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 58.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,026 shares of the company's stock after purchasing an additional 21,114 shares during the quarter. Procter & Gamble accounts for 0.6% of StoneX Group Inc.'s portfolio, making the stock its 27th largest position. StoneX Group Inc.'s holdings in Procter & Gamble were worth $9,560,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. NewSquare Capital LLC raised its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $34,000. Atlantic Private Wealth LLC boosted its holdings in Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in Procter & Gamble during the fourth quarter worth $38,000. Institutional investors and hedge funds own 65.77% of the company's stock.
Procter & Gamble Price Performance
Shares of PG stock traded down $4.55 during mid-day trading on Friday, reaching $167.84. The company's stock had a trading volume of 5,723,551 shares, compared to its average volume of 7,748,775. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm's 50-day moving average is $169.19 and its two-hundred day moving average is $169.29. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market cap of $393.56 billion, a P/E ratio of 26.73, a PEG ratio of 3.76 and a beta of 0.41.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter last year, the company earned $1.84 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble's payout ratio is presently 64.01%.
Analyst Ratings Changes
Several research firms have recently issued reports on PG. Truist Financial upped their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday. Piper Sandler decreased their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.00.
Check Out Our Latest Stock Analysis on PG
Insider Activity
In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company's stock.
About Procter & Gamble
(
Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
Further Reading
Before you consider Procter & Gamble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Procter & Gamble wasn't on the list.
While Procter & Gamble currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
