Fiduciary Family Office LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 43.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,222 shares of the company’s stock after selling 4,012 shares during the quarter. Fiduciary Family Office LLC’s holdings in Procter & Gamble were worth $748,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its position in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Park Square Financial Group LLC raised its position in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Maseco LLP bought a new stake in Procter & Gamble in the fourth quarter worth about $28,000. Saranac Partners Ltd bought a new stake in Procter & Gamble in the third quarter worth about $30,000. Finally, Caitlin John LLC bought a new stake in Procter & Gamble in the third quarter worth about $34,000. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Price Performance
NYSE PG opened at $140.62 on Wednesday. The stock’s 50-day moving average price is $144.32 and its two-hundred day moving average price is $147.85. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The company has a market cap of $327.44 billion, a PE ratio of 20.56, a PEG ratio of 6.01 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $168.04.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a dividend of $1.0885 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 annualized dividend and a yield of 3.1%. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.
Wall Street Analyst Weigh In
Several brokerages have commented on PG. The Goldman Sachs Group dropped their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Rothschild & Co Redburn dropped their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Jefferies Financial Group dropped their price target on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. BNP Paribas Exane cut their price objective on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Finally, Bank of America cut their price objective on Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.06.
Read Our Latest Report on Procter & Gamble
About Procter & Gamble
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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