Mawer Investment Management Ltd. lessened its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 896,693 shares of the company’s stock after selling 53,797 shares during the period. Mawer Investment Management Ltd.’s holdings in Procter & Gamble were worth $128,505,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Brighton Jones LLC raised its stake in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. raised its position in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after purchasing an additional 277 shares during the period. Sivia Capital Partners LLC raised its position in shares of Procter & Gamble by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after purchasing an additional 1,016 shares during the period. Auxano Advisors LLC raised its position in shares of Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after purchasing an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. raised its position in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after purchasing an additional 809 shares during the period. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
Shares of PG stock opened at $140.34 on Tuesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $169.04. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $326.81 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 6.15 and a beta of 0.39. The stock’s fifty day simple moving average is $144.32 and its 200-day simple moving average is $147.85.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.1%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. Procter & Gamble’s dividend payout ratio is presently 63.60%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on PG shares. Wells Fargo & Company boosted their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Jefferies Financial Group cut their target price on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Bank of America cut their target price on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Rothschild & Co Redburn cut their target price on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Finally, Royal Bank Of Canada cut their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.06.
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.
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