Mitchell Mcleod Pugh & Williams Inc. lessened its holdings in The Procter & Gamble Company (NYSE:PG – Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,787 shares of the company’s stock after selling 950 shares during the quarter. Procter & Gamble makes up about 0.8% of Mitchell Mcleod Pugh & Williams Inc.’s investment portfolio, making the stock its 26th largest holding. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Procter & Gamble were worth $3,820,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in PG. Zhang Financial LLC lifted its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. Zhang Financial LLC now owns 24,371 shares of the company’s stock worth $4,086,000 after purchasing an additional 288 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its position in Procter & Gamble by 23.3% in the fourth quarter. Guinness Atkinson Asset Management Inc now owns 6,396 shares of the company’s stock worth $1,072,000 after buying an additional 1,209 shares during the period. Guinness Asset Management LTD lifted its stake in Procter & Gamble by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,247,990 shares of the company’s stock valued at $209,182,000 after buying an additional 62,048 shares during the last quarter. Corundum Group Inc. boosted its holdings in shares of Procter & Gamble by 43.0% during the fourth quarter. Corundum Group Inc. now owns 10,576 shares of the company’s stock valued at $1,773,000 after acquiring an additional 3,181 shares during the period. Finally, FLC Capital Advisors grew its position in shares of Procter & Gamble by 1.9% during the fourth quarter. FLC Capital Advisors now owns 4,453 shares of the company’s stock worth $747,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.65.
Procter & Gamble Stock Up 0.4 %
Shares of Procter & Gamble stock opened at $161.77 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The firm has a market capitalization of $380.96 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The stock’s fifty day moving average is $169.09 and its 200-day moving average is $169.44.
Procter & Gamble Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 69.48%.
Insider Transactions at Procter & Gamble
In other news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,447 shares of company stock valued at $12,978,820 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.
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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