Fiduciary Financial Group LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,526 shares of the company’s stock, valued at approximately $589,000.
Several other institutional investors have also added to or reduced their stakes in the business. United Asset Strategies Inc. raised its stake in shares of Procter & Gamble by 8.9% during the 4th quarter. United Asset Strategies Inc. now owns 20,674 shares of the company’s stock valued at $3,030,000 after purchasing an additional 1,689 shares during the period. Guerra Pan Advisors LLC increased its position in shares of Procter & Gamble by 175.9% during the fourth quarter. Guerra Pan Advisors LLC now owns 4,287 shares of the company’s stock valued at $628,000 after buying an additional 2,733 shares during the period. Main Street Research LLC lifted its holdings in shares of Procter & Gamble by 5.3% in the fourth quarter. Main Street Research LLC now owns 333,608 shares of the company’s stock worth $48,887,000 after buying an additional 16,677 shares in the last quarter. Everence Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 41.1% in the fourth quarter. Everence Capital Management Inc. now owns 94,176 shares of the company’s stock worth $13,801,000 after buying an additional 27,420 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Procter & Gamble by 2.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,081,303 shares of the company’s stock valued at $158,454,000 after acquiring an additional 26,014 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Trading Down 0.0 %
Shares of NYSE PG traded down $0.03 during mid-day trading on Friday, hitting $167.89. The stock had a trading volume of 5,574,141 shares, compared to its average volume of 6,674,588. The firm has a market cap of $396.24 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 3.70 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $171.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The business has a 50 day moving average price of $166.98 and a two-hundred day moving average price of $163.13.
Procter & Gamble Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s payout ratio is 65.69%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Evercore ISI lifted their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Citigroup boosted their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays lowered their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.95.
Get Our Latest Stock Analysis on PG
Insiders Place Their Bets
In related news, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $171.01, for a total value of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,313 shares of company stock worth $19,703,643. 0.17% of the stock is owned by corporate insiders.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
Featured Stories
- Five stocks we like better than Procter & Gamble
- What Investors Need to Know to Beat the Market
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- Why Are These Companies Considered Blue Chips?
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.