BXM Wealth LLC Has $8.41 Million Holdings in Procter & Gamble Company (The) $PG

BXM Wealth LLC grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 851.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,683 shares of the company’s stock after acquiring an additional 52,515 shares during the period. BXM Wealth LLC’s holdings in Procter & Gamble were worth $8,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. grew its holdings in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after purchasing an additional 277 shares during the period. Sivia Capital Partners LLC increased its stake in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after purchasing an additional 1,016 shares in the last quarter. Auxano Advisors LLC raised its holdings in shares of Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock valued at $1,165,000 after purchasing an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. boosted its position in shares of Procter & Gamble by 2.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after purchasing an additional 809 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the company’s 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 sale, the chief executive officer owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. This represents a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares in the company, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 348,618 shares of company stock valued at $55,462,643. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Piper Sandler initiated coverage on Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 target price on the stock. UBS Group lifted their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Rothschild & Co Redburn boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

Procter & Gamble Stock Down 0.0%

Shares of NYSE:PG opened at $143.06 on Monday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The company has a market capitalization of $332.46 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 5.04 and a beta of 0.41. The business has a fifty day moving average price of $153.57 and a two-hundred day moving average price of $149.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is currently 62.67%.

About Procter & Gamble

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.