Crewe Advisors LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,756 shares of the company’s stock after acquiring an additional 327 shares during the period. Crewe Advisors LLC’s holdings in Procter & Gamble were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its position in Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after purchasing an additional 277 shares in the last quarter. GAMMA Investing LLC increased its position in Procter & Gamble by 22.4% during the 1st quarter. GAMMA Investing LLC now owns 46,658 shares of the company’s stock worth $7,951,000 after purchasing an additional 8,537 shares in the last quarter. Summit Wealth Group LLC increased its position in Procter & Gamble by 11.2% during the 1st quarter. Summit Wealth Group LLC now owns 7,437 shares of the company’s stock worth $1,267,000 after purchasing an additional 752 shares in the last quarter. Finally, Weaver Capital Management LLC increased its position in Procter & Gamble by 6.0% during the 1st quarter. Weaver Capital Management LLC now owns 15,950 shares of the company’s stock worth $2,718,000 after purchasing an additional 902 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Trading Up 1.3%
NYSE:PG opened at $151.53 on Monday. The firm’s fifty day moving average is $154.92 and its 200-day moving average is $158.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The firm has a market cap of $354.66 billion, a P/E ratio of 23.28, a P/E/G ratio of 4.02 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. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s dividend payout ratio is currently 64.98%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. BNP Paribas Exane lowered their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Bank of America decreased their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Evercore ISI restated an “in-line” rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Berenberg Bank upped their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.21.
View Our Latest Stock Report on PG
Insider Buying and Selling
In other news, insider Balaji Purushothaman sold 490 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the sale, the insider directly owned 12,616 shares of the company’s stock, valued at approximately $1,920,533.68. This represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Shailesh Jejurikar sold 3,986 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,763 shares of company stock worth $23,421,279. Corporate insiders own 0.20% of the company’s stock.
About Procter & Gamble
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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