Crowley Wealth Management Inc. Invests in Procter & Gamble Company

Crowley Wealth Management Inc. has made a new investment in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, as indicated in the latest filing with the Securities and Exchange Commission. The firm acquired 2,833 shares of Procter & Gamble, with an estimated total value of around $475,000.

Several other hedge funds have also made moves regarding their stakes in Procter & Gamble recently. For instance, NewSquare Capital LLC has significantly increased its position by 933.3%, now holding 155 shares worth $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC has also entered the scene by purchasing a new stake valued at approximately $33,000 in the third quarter. Additionally, LFA Lugano Financial Advisors SA bought into the company in the fourth quarter, with a stake worth about $34,000. Atlantic Private Wealth LLC has seen a 95.3% growth in its holdings, bringing its total to 207 shares valued at $35,000 after adding 101 shares last quarter. Lastly, Noble Wealth Management PBC added a new position in Procter & Gamble worth approximately $39,000. Collectively, institutional investors and hedge funds now own 65.77% of Procter & Gamble's shares.

Analyst Ratings

Research analysts have recently provided updates on Procter & Gamble’s stock. Stifel Nicolaus raised its target price from $161.00 to $165.00 and maintained a "hold" rating. Meanwhile, the Royal Bank of Canada reiterated a "sector perform" rating with a price target of $164.00. Erste Group Bank upgraded Procter & Gamble from a "hold" to a "strong-buy" rating. Conversely, JPMorgan Chase & Co. lowered its price target from $186.00 to $181.00, rating the stock as "overweight". Finally, Wells Fargo & Company increased its price objective from $176.00 to $180.00, also giving an "overweight" rating. Currently, seven analysts recommend a hold, twelve propose a buy, and three classify the stock as a strong buy. According to MarketBeat data, Procter & Gamble has a consensus rating of "Moderate Buy" and a target price average of $181.47.

Insider Transactions

In insider news, CEO Gary A. Coombe sold 35,000 shares on February 28 at an average price of $173.68, totaling approximately $6,078,800. Following this transaction, he now holds 22,051 shares valued at about $3,829,817.68, marking a 61.35% decrease in his position. This transaction was recorded in filings with the SEC. Furthermore, insider Marc S. Pritchard sold 90,450 shares on January 23 at an average price of $163.84, for a total of roughly $14,819,328. Post-transaction, he retained ownership of 172,814 shares now worth $28,313,845.76, reflecting a 34.36% decrease. Overall, insiders have sold 143,450 shares totaling around $23,988,008 in the last three months, while insider ownership currently sits at 0.18% of the total shares available.

Company Performance

As of the last trading session, shares of Procter & Gamble opened at $166.60. The stock’s fifty-day simple moving average stands at $167.97, while the 200-day average is $169.69. Procter & Gamble has recorded a one-year low of $153.52 and a high of $180.43, boasting a market capitalization of $390.66 billion. The price-to-earnings ratio is 26.53, with a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50 and current/quick ratios of 0.76 and 0.55, respectively.

Procter & Gamble last reported earnings results on January 22, where it revealed earnings per share of $1.88, surpassing estimates of $1.86 by $0.02. The company's net margin stands at 18.35%, and the return on equity is recorded at 33.00%. With quarterly revenue at $21.88 billion, Procter & Gamble outperformed the analyst expectations of $21.66 billion, showing a 2.1% increase year-over-year. Analysts predict the company will report earnings of 6.91 per share for the current fiscal year.

Dividends Announced

The company recently declared a quarterly dividend, which was paid on February 18. Shareholders recorded on January 24 received a dividend of $1.0065, amounting to an annualized dividend of $4.03 and giving the company a dividend yield of 2.42%. The ex-dividend date was also January 24. Currently, Procter & Gamble’s payout ratio stands at 64.01%.

Overview of Procter & Gamble

The Procter & Gamble Company is involved in providing branded consumer packaged goods. Its operations are divided into several segments, including Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers various products for hair, skin, and personal care, while Grooming encompasses shave care products for both male and female consumers.

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