KCM Investment Advisors LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,472 shares of the company’s stock after selling 6,804 shares during the quarter. KCM Investment Advisors LLC’s holdings in Procter & Gamble were worth $26,150,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Triodos Investment Management BV increased its holdings in Procter & Gamble by 7.3% in the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after acquiring an additional 17,400 shares in the last quarter. Vanguard Group Inc. increased its holdings in Procter & Gamble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after acquiring an additional 1,419,322 shares in the last quarter. Gradient Investments LLC increased its holdings in Procter & Gamble by 12.8% in the 4th quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after acquiring an additional 28,777 shares in the last quarter. Fiera Capital Corp increased its holdings in Procter & Gamble by 20.3% in the 3rd quarter. Fiera Capital Corp now owns 53,128 shares of the company’s stock worth $8,163,000 after acquiring an additional 8,961 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth $3,776,000. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Trading Up 0.8%
Shares of PG opened at $149.47 on Friday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $144.63 and its two-hundred day moving average is $147.70. The stock has a market cap of $348.04 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 6.51 and a beta of 0.39.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a $1.0885 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is currently 63.60%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on PG shares. TD Cowen boosted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. BNP Paribas Exane lowered their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Rothschild & Co Redburn lowered their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Finally, Raymond James Financial lowered their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $160.78.
View Our Latest Report on Procter & Gamble
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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