Bromfield Sneider Wealth Advisors bought a new stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,010 shares of the company’s stock, valued at approximately $154,000.
Other large investors have also added to or reduced their stakes in the company. North Star Asset Management Inc. grew its stake in shares of Procter & Gamble by 1.4% in the 4th quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock valued at $3,078,000 after buying an additional 258 shares in the last quarter. Eagle Rock Investment Company LLC acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $394,000. Liberty One Investment Management LLC lifted its holdings in Procter & Gamble by 2.9% in the 4th quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock worth $21,754,000 after purchasing an additional 3,754 shares during the last quarter. Adviser Investments LLC lifted its holdings in Procter & Gamble by 3.1% in the 4th quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock worth $9,840,000 after purchasing an additional 1,793 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Procter & Gamble by 8.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock worth $13,590,000 after purchasing an additional 6,550 shares during the last quarter. 63.64% of the stock is currently owned by institutional investors.
Shares of NYSE PG opened at $138.50 on Thursday. The business has a fifty day simple moving average of $149.68 and a 200 day simple moving average of $154.44. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $332.30 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 3.74 and a beta of 0.40. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35.
The business also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were given a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.64%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s dividend payout ratio is 63.70%.
Several equities research analysts recently weighed in on PG shares. Barclays reduced their target price on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a report on Monday, May 23rd. Wells Fargo & Company cut their price target on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, June 1st. Raymond James upped their price target on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. Finally, Jefferies Financial Group upped their price target on Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $163.80.
In other news, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the sale, the chairman now owns 253,933 shares in the company, valued at $41,777,057.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David S. Taylor sold 30,000 shares of the stock in a transaction on Monday, April 25th. The stock was sold at an average price of $162.83, for a total value of $4,884,900.00. Following the sale, the chairman now owns 253,933 shares in the company, valued at approximately $41,347,910.39. The disclosure for this sale can be found here. Insiders sold 108,415 shares of company stock worth $17,777,055 over the last quarter. Company insiders own 0.51% of the company’s stock.
About Procter & Gamble (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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