2 weeks Ago By ABMN Staff
Saratoga Research & Investment Management reduced its position in The Procter & Gamble Company ( NYSE:PG – Free Report ) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,607 shares of the company’s stock after selling 5,413 shares during the quarter.
Procter & Gamble makes up 1.3% of Saratoga Research & Investment Management’s portfolio, making the stock its 26th largest holding. Saratoga Research & Investment Management’s holdings in Procter & Gamble were worth $29,126,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. HighPoint Advisor Group LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $17,696,000. Bayesian Capital Management LP raised its stake in Procter & Gamble by 43.
0% during the fourth quarter. Bayesian Capital Management LP now owns 52,840 shares of the company’s stock worth $7,743,000 after acquiring an additional 15,900 shares in the last quarter. Steele Capital Management Inc.
acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at $204,000. Gilbert & Cook Inc. grew its holdings in shares of Procter & Gamble by 7.
7% in the 4th quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after purchasing an additional 1,237 shares during the last quarter.
Finally, Mosley Wealth Management acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $537,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Up 0.2 % Shares of Procter & Gamble stock opened at $173.55 on Monday.
The firm has a market cap of $409.60 billion, a PE ratio of 28.36, a P/E/G ratio of 3.
76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.
45 and a 52-week high of $177.94. The business’s 50 day simple moving average is $170.
79 and its 200 day simple moving average is $166.20. The company has a debt-to-equity ratio of 0.
51, a quick ratio of 0.53 and a current ratio of 0.73.
Procter & Gamble Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share.
This represents a $4.03 annualized dividend and a dividend yield of 2.32%.
The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.
Wall Street Analysts Forecast Growth Several analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Procter & Gamble from $157.00 to $164.
00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Barclays decreased their price target on shares of Procter & Gamble from $174.00 to $163.
00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
JPMorgan Chase & Co. boosted their price objective on Procter & Gamble from $179.00 to $186.
00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Finally, DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, August 29th.
Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $175.89.
View Our Latest Research Report on Procter & Gamble Insider Transactions at Procter & Gamble In related news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.
00. Following the completion of the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . In other Procter & Gamble news, COO Shailesh Jejurikar sold 10,623 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.
22, for a total transaction of $1,797,624.06. Following the completion of the sale, the chief operating officer now owns 23,890 shares of the company’s stock, valued at approximately $4,042,665.
80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th.
The shares were sold at an average price of $169.22, for a total transaction of $76,149.00.
Following the completion of the transaction, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The disclosure for this sale can be found here .
Insiders have sold a total of 375,553 shares of company stock worth $63,829,141 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.
Procter & Gamble Company Profile ( 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 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.
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