Gardiner Nancy B cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,141 shares of the company’s stock after selling 180 shares during the period. Procter & Gamble makes up 3.4% of Gardiner Nancy B’s investment portfolio, making the stock its 3rd biggest holding. Gardiner Nancy B’s holdings in Procter & Gamble were worth $2,141,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sciencast Management LP purchased a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $2,539,000. MidWestOne Financial Group Inc. purchased a new position in Procter & Gamble in the second quarter worth $2,359,000. Clean Yield Group raised its position in Procter & Gamble by 0.4% in the third quarter. Clean Yield Group now owns 51,591 shares of the company’s stock worth $6,417,000 after acquiring an additional 180 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in Procter & Gamble by 0.5% in the second quarter. Harfst & Associates Inc. now owns 86,501 shares of the company’s stock valued at $9,484,000 after acquiring an additional 397 shares during the period. Finally, Somerset Trust Co lifted its holdings in Procter & Gamble by 1.8% in the third quarter. Somerset Trust Co now owns 15,711 shares of the company’s stock valued at $1,954,000 after acquiring an additional 277 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble stock opened at $125.96 on Thursday. Procter & Gamble Co has a fifty-two week low of $89.08 and a fifty-two week high of $126.60. The firm has a market capitalization of $310.95 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 3.38 and a beta of 0.40. The stock’s fifty day moving average is $124.20 and its two-hundred day moving average is $120.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.
Several equities research analysts have commented on the stock. Macquarie upped their price target on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Co increased their price target on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on shares of Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. ValuEngine downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Goldman Sachs Group reissued a “buy” rating and set a $136.00 price objective on shares of Procter & Gamble in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $119.07.
In related news, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $124.96, for a total transaction of $3,258,332.00. Following the completion of the transaction, the insider now directly owns 139,066 shares in the company, valued at approximately $17,377,687.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven D. Bishop sold 41,165 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $123.36, for a total value of $5,078,114.40. Following the transaction, the chief executive officer now owns 45,176 shares of the company’s stock, valued at $5,572,911.36. The disclosure for this sale can be found here. Insiders have sold a total of 1,288,513 shares of company stock valued at $159,734,252 over the last 90 days. 1.75% of the stock is currently owned by insiders.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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