Tamar Securities LLC Invests $281,000 in Procter & Gamble Company (The) $PG

Key Points

• Tamar Securities LLC acquired 1,647 shares of Procter & Gamble, valued at approximately $281,000, during the 1st quarter of 2023.
• Procter & Gamble reported $20.89 billion in revenue for the last quarter, exceeding analysts' expectations, and its earnings per share (EPS) was $1.48, beating estimates by $0.06.
• The company declared a quarterly dividend of $1.0568 per share, yielding an annualized dividend of $4.23 with a yield of 2.6%.

Tamar Securities LLC purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 1,647 shares of the company's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Unique Wealth LLC increased its holdings in Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after acquiring an additional 61 shares during the last quarter. Stableford Capital II LLC increased its holdings in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the last quarter. Bernard Wealth Management Corp. increased its holdings in shares of Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after buying an additional 63 shares during the last quarter. Finally, Kolinsky Wealth Management LLC increased its holdings in shares of Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after buying an additional 64 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 0.4%

Shares of PG traded up $0.59 during mid-day trading on Tuesday, hitting $159.60. The company's stock had a trading volume of 4,982,119 shares, compared to its average volume of 6,137,349. The company's 50-day moving average is $156.37 and its 200-day moving average is $162.12. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The firm has a market capitalization of $373.54 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 4.20 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The company's revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.98%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Evercore ISI restated an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.12.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 9,100 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the completion of the transaction, the chief executive officer owned 27,295 shares in the company, valued at $4,292,684.65. The trade was a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar G. Raman sold 9,554 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the transaction, the chief executive officer owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,181 shares of company stock worth $18,918,012. Insiders own 0.20% of the company's stock.

Procter & Gamble Company Profile

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.