1 week Ago By ABMN Staff
Norden Group LLC trimmed its position in The Procter & Gamble Company ( NYSE:PG – Free Report ) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,964 shares of the company’s stock after selling 532 shares during the quarter.
Norden Group LLC’s holdings in Procter & Gamble were worth $2,468,000 at the end of the most recent quarter. Several other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc.
grew its stake in Procter & Gamble by 7.7% during the 4th quarter. Gilbert & Cook Inc.
now owns 17,215 shares of the company’s stock valued at $2,523,000 after acquiring an additional 1,237 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in Procter & Gamble by 8.2% in the 4th quarter.
Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock valued at $12,341,000 after buying an additional 6,390 shares during the period. AGF Management Ltd. lifted its position in Procter & Gamble by 51.
1% in the 4th quarter. AGF Management Ltd. now owns 21,146 shares of the company’s stock worth $3,099,000 after buying an additional 7,149 shares in the last quarter.
Strategic Advocates LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $280,000. Finally, SP Asset Management LLC increased its stake in shares of Procter & Gamble by 0.4% in the fourth quarter.
SP Asset Management LLC now owns 40,364 shares of the company’s stock worth $5,915,000 after acquiring an additional 174 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Up 0.1 % PG opened at $175.59 on Friday.
The business has a 50 day moving average of $168.26 and a 200-day moving average of $164.69.
The stock has a market capitalization of $414.42 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 3.
72 and a beta of 0.41. The company has a current ratio of 0.
73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.
The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.04.
Procter & Gamble Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend.
This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%.
The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is 65.69%.
Analyst Ratings Changes A number of analysts recently issued reports on the company. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co.
dropped their price objective on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st.
Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd.
Royal Bank of Canada increased their price target on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st.
Finally, Evercore ISI lifted their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th.
Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.
79. Get Our Latest Analysis on PG Insider Transactions at Procter & Gamble In related news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.
90, for a total value 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 SEC, which is accessible through this hyperlink . In other Procter & Gamble news, CEO Jon R.
Moeller sold 37,240 shares of Procter & Gamble stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.
60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at $44,508,763.93.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The stock was 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 approximately $1,902,451.
30. The disclosure for this sale can be found here . In the last three months, insiders sold 375,553 shares of company stock valued at $63,829,141.
Company insiders own 0.17% of the company’s stock. About Procter & Gamble ( Free Report ) 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. Read More 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.
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