Longview Financial Advisors Inc. purchased a new stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,866 shares of the company’s stock, valued at approximately $554,000. Procter & Gamble accounts for approximately 0.4% of Longview Financial Advisors Inc.’s holdings, making the stock its 28th biggest position.
Other institutional investors also recently modified their holdings of the company. Maseco LLP bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $28,000. Saranac Partners Ltd acquired a new stake in shares of Procter & Gamble in the third quarter valued at about $30,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble in the third quarter valued at about $32,000. Caitlin John LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at about $34,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at about $37,000. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Price Performance
Shares of NYSE PG opened at $147.44 on Monday. The business’s 50 day moving average price is $149.44 and its two-hundred day moving average price is $148.62. The company has a market cap of $343.34 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 6.31 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.99.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be given a $1.0885 dividend. The ex-dividend date of this dividend is Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.60%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Barclays lowered their target price on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. The Goldman Sachs Group lowered their target price on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Piper Sandler boosted their price target on Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Raymond James Financial lowered their price target on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $161.06.
Check Out Our Latest Stock Report on Procter & Gamble
Insider Buying and Selling
In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares in the company, valued at approximately $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the sale, the chairman owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This trade represents a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 252,715 shares of company stock valued at $40,966,904 in the last ninety days. 0.20% of the stock is currently owned by company insiders.
Procter & Gamble Company Profile
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.
Featured Stories
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
