Fullcircle Wealth Boosts Stake in Procter & Gamble by 24.1%

Fullcircle Wealth LLC has increased its investment in the Procter & Gamble Company (NYSE: PG) by 24.1% during the second quarter of 2023, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The institutional investor now holds 2,521 shares of the consumer goods giant after acquiring an additional 489 shares during the quarter, bringing the total value of its stake to approximately $380,000.

Other institutional investors are also adjusting their positions in Procter & Gamble. For instance, Brighton Jones LLC increased its stake by 51.5% in the fourth quarter, now owning 40,068 shares valued at $6.72 million. Meanwhile, Taylor Financial Group Inc. raised its position by 10.6% in the first quarter, now holding 2,891 shares worth about $493,000. Summit Wealth Group LLC and Envestnet Asset Management Inc. also made notable adjustments to their holdings during the same period.

Insider Transactions and Market Analysis

In related news, several insiders have made significant stock sales. Marc S. Pritchard, an insider at Procter & Gamble, sold 9,849 shares on August 19, 2023, at an average price of $157.27, totaling approximately $1.55 million. Following this transaction, he retains 182,422 shares, valued at around $28.69 million. Similarly, CEO Jon R. Moeller sold 40,119 shares on the same day for about $6.31 million, decreasing his ownership by 11.16%.

Over the last quarter, insiders sold a total of 150,488 shares of Procter & Gamble stock, valued at approximately $23.53 million. Currently, insiders hold 0.20% of the company’s stock.

Market performance for Procter & Gamble remains robust. The company’s shares opened at $147.90 on October 24, 2023, showing a current ratio of 0.71, a quick ratio of 0.51, and a debt-to-equity ratio of 0.46. The market capitalization stands at $345.61 billion with a price-to-earnings ratio of 21.59. The stock has fluctuated between a one-year low of $146.96 and a high of $180.43.

Financial Results and Future Outlook

Procter & Gamble recently reported its earnings results for the quarter ending October 24, 2023. The company announced earnings per share of $1.99, exceeding analysts’ forecasts of $1.90 by $0.09. Revenue for the quarter reached $22.39 billion, surpassing estimates of $22.23 billion, with a year-over-year revenue increase of 3.0%. The company also noted a net margin of 19.74% and a return on equity of 32.63%.

Procter & Gamble has provided guidance for the fiscal year 2026, projecting earnings per share between $6.830 and $7.100. Analysts predict an EPS of $6.91 for the current year.

In addition to its financial performance, Procter & Gamble has declared a quarterly dividend of $1.0568, which will be paid on November 17, 2023, to investors of record as of October 24. This represents an annualized dividend of $4.23 and a yield of 2.9%. The ex-dividend date is also set for October 24, with a current dividend payout ratio of 61.61%.

Procter & Gamble, known for its diverse range of branded consumer packaged goods, operates in several segments, including Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The company continues to adapt to market demands while managing its extensive portfolio effectively.