Fiduciary Family Office LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,319 shares of the company’s stock after buying an additional 181 shares during the period. Fiduciary Family Office LLC’s holdings in Procter & Gamble were worth $1,325,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of PG. Nova Wealth Management Inc. purchased a new position in Procter & Gamble in the first quarter valued at about $26,000. Signature Resources Capital Management LLC grew its stake in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Quarry LP purchased a new position in Procter & Gamble in the first quarter valued at about $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble in the second quarter valued at about $34,000. Finally, RMG Wealth Management LLC purchased a new position in Procter & Gamble in the second quarter valued at about $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.
Procter & Gamble Trading Up 0.4%
Shares of PG stock opened at $151.98 on Tuesday. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $154.86 and its two-hundred day moving average is $158.59. The company has a market cap of $355.72 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s payout ratio is currently 64.82%.
Analysts Set New Price Targets
A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Evercore ISI restated an “in-line” rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas restated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Wells Fargo & Company reduced their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $171.68.
Check Out Our Latest Research Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In related news, COO Shailesh Jejurikar sold 13,039 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at $50,228,106.25. This represents a 11.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,763 shares of company stock worth $23,421,279 in the last ninety days. 0.20% of the stock is owned by insiders.
Procter & Gamble Company 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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