Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.1% during the second quarter, HoldingsChannel reports. The firm owned 22,501 shares of the company’s stock after acquiring an additional 457 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Procter & Gamble were worth $3,585,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock worth $476,000 after purchasing an additional 63 shares in the last quarter. Private Management Group Inc. raised its stake in shares of Procter & Gamble by 4.8% during the 1st quarter. Private Management Group Inc. now owns 1,384 shares of the company’s stock worth $236,000 after purchasing an additional 64 shares in the last quarter. Lantz Financial LLC raised its stake in shares of Procter & Gamble by 1.2% during the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock worth $834,000 after purchasing an additional 64 shares in the last quarter. Orca Investment Management LLC raised its stake in shares of Procter & Gamble by 2.0% during the 2nd quarter. Orca Investment Management LLC now owns 3,238 shares of the company’s stock worth $516,000 after purchasing an additional 64 shares in the last quarter. Finally, Detalus Advisors LLC raised its stake in Procter & Gamble by 0.8% in the 1st quarter. Detalus Advisors LLC now owns 7,918 shares of the company’s stock valued at $1,349,000 after acquiring an additional 65 shares during the period. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $151.54 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The stock’s fifty day moving average price is $154.44 and its two-hundred day moving average price is $158.22. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The firm has a market cap of $354.10 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 4.03 and a beta of 0.36.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s dividend payout ratio is currently 61.75%.
Insider Transactions at Procter & Gamble
In related news, CEO Gary A. Coombe sold 10,194 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 9,849 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the transaction, the insider owned 182,422 shares in the company, valued at $28,689,507.94. The trade was a 5.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $175.00 price target on Procter & Gamble in a research note on Monday. Barclays dropped their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. BNP Paribas restated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, Bank of America dropped their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.53.
Get Our Latest Report on Procter & Gamble
Procter & Gamble Profile
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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