TRUE Private Wealth Advisors lowered its holdings in Procter & Gamble Co (NYSE:PG) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,928 shares of the company’s stock after selling 695 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Procter & Gamble were worth $728,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moody Aldrich Partners LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $73,142,000. Ayalon Holdings Ltd. acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $108,000. First Mercantile Trust Co. acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $111,000. RPg Family Wealth Advisory LLC lifted its position in Procter & Gamble by 209.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after acquiring an additional 913 shares during the period. Finally, Willingdon Wealth Management lifted its position in Procter & Gamble by 4,668.6% during the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after acquiring an additional 1,634 shares during the period. Institutional investors and hedge funds own 61.76% of the company’s stock.
NYSE PG traded up $0.20 during mid-day trading on Friday, hitting $106.05. The stock had a trading volume of 7,249,033 shares, compared to its average volume of 6,577,489. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $106.71. The company has a market capitalization of $267.35 billion, a P/E ratio of 25.13, a PEG ratio of 3.43 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $0.7459 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.62%.
A number of analysts have weighed in on PG shares. Zacks Investment Research reaffirmed a “hold” rating and set a $102.00 price objective on shares of Procter & Gamble in a research report on Monday, December 31st. Barclays reissued a “hold” rating and set a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 8th. Bank of America reissued a “buy” rating and set a $108.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 8th. Evercore ISI started coverage on Procter & Gamble in a research note on Thursday, January 10th. They set an “outperform” rating and a $105.00 target price for the company. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $95.00 target price on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Procter & Gamble presently has an average rating of “Hold” and a consensus price target of $97.74.
In other Procter & Gamble news, Chairman David S. Taylor sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total transaction of $2,972,700.00. Following the completion of the transaction, the chairman now owns 223,849 shares of the company’s stock, valued at $22,181,197.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 3,224 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total value of $317,789.68. The disclosure for this sale can be found here. Insiders sold a total of 2,270,496 shares of company stock valued at $224,931,027 over the last ninety days. 1.84% of the stock is currently owned by company insiders.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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