Schulhoff & Co. Inc. lowered its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,021 shares of the company’s stock after selling 4,160 shares during the period. Procter & Gamble accounts for 10.1% of Schulhoff & Co. Inc.’s portfolio, making the stock its largest position. Schulhoff & Co. Inc.’s holdings in Procter & Gamble were worth $23,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. LaFleur & Godfrey LLC lifted its stake in shares of Procter & Gamble by 4.0% during the third quarter. LaFleur & Godfrey LLC now owns 51,458 shares of the company’s stock valued at $7,907,000 after acquiring an additional 1,995 shares during the period. Zevin Asset Management LLC increased its position in Procter & Gamble by 4.6% in the third quarter. Zevin Asset Management LLC now owns 6,848 shares of the company’s stock worth $1,052,000 after purchasing an additional 299 shares during the period. Avalon Trust Co raised its holdings in Procter & Gamble by 4.5% during the 3rd quarter. Avalon Trust Co now owns 7,471 shares of the company’s stock worth $1,148,000 after purchasing an additional 324 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Procter & Gamble by 4.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 186,710 shares of the company’s stock valued at $28,688,000 after purchasing an additional 7,841 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Procter & Gamble by 6.5% in the 3rd quarter. Koshinski Asset Management Inc. now owns 34,458 shares of the company’s stock valued at $5,295,000 after purchasing an additional 2,115 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock opened at $160.77 on Monday. The stock’s fifty day simple moving average is $149.02 and its 200 day simple moving average is $150.68. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $373.62 billion, a PE ratio of 23.82, a PEG ratio of 5.34 and a beta of 0.38. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99.
Procter & Gamble Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a research report on Monday, October 27th. Wells Fargo & Company restated an “overweight” rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Tuesday, February 17th. Piper Sandler initiated coverage on Procter & Gamble in a report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.
Read Our Latest Stock Analysis on Procter & Gamble
Insider Transactions at Procter & Gamble
In other news, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider owned 182,607 shares in the company, valued at $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman owned 319,385 shares in the company, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 341,260 shares of company stock valued at $54,256,985. 0.20% of the stock is currently owned by insiders.
Procter & Gamble 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.
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