Aventura Private Wealth LLC Makes New $646,000 Investment in Procter & Gamble Company (The) $PG

Aventura Private Wealth LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,508 shares of the company’s stock, valued at approximately $646,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth about $25,000. Saranac Partners Ltd purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $30,000. Corundum Trust Company INC bought a new position in shares of Procter & Gamble during the third quarter valued at approximately $32,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $34,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.3%

Shares of NYSE PG opened at $144.41 on Friday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80. The firm has a market cap of $335.61 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 4.82 and a beta of 0.37. The business has a fifty day simple moving average of $154.07 and a two-hundred day simple moving average of $150.68. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. Analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 62.67%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PG shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Piper Sandler began coverage on shares of Procter & Gamble in a report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target on the stock. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.33.

Insiders Place Their Bets

In other news, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the sale, the chairman owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 5,549 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer directly owned 1,029 shares in the company, valued at approximately $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.