EdgeRock Capital LLC Takes $544,000 Position in Procter & Gamble Company (The) $PG

Key Points

• EdgeRock Capital LLC has acquired a new position in Procter & Gamble, purchasing 3,449 shares valued at approximately $544,000 during the 2nd quarter of 2023.
• Insider transactions indicate a significant sale of shares by CEO Sundar G. Raman and another CEO, Ma. Fatima Francisco, collectively reducing their holdings by substantial percentages.
• Procter & Gamble reported a quarterly earnings per share of $1.48, exceeding expectations, with a year-over-year revenue increase of 1.7%.

EdgeRock Capital LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,449 shares of the company's stock, valued at approximately $544,000.

Other large investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its position in Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after buying an additional 199,258 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Procter & Gamble by 13.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after acquiring an additional 4,562 shares in the last quarter. World Investment Advisors raised its holdings in shares of Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Procter & Gamble by 26.4% during the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock valued at $20,451,000 after purchasing an additional 25,059 shares in the last quarter. Finally, Kelly Financial Services LLC boosted its holdings in Procter & Gamble by 8.7% during the first quarter. Kelly Financial Services LLC now owns 1,727 shares of the company's stock worth $294,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Sundar G. Raman sold 9,554 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 41,886 shares in the company, valued at approximately $6,624,689.76. The trade was a 18.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the completion of the transaction, the chief executive officer owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,181 shares of company stock worth $18,918,012. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday. Barclays set a $164.00 target price on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. BNP Paribas reiterated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $173.78.

Procter & Gamble Stock Down 0.2%

PG stock opened at $152.18 on Friday. The stock has a fifty day moving average of $156.05 and a 200-day moving average of $160.74. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a market capitalization of $356.17 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.02 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

About Procter & Gamble

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.

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