Stephens Inc. AR boosted its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 13.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,931 shares of the company’s stock after buying an additional 12,198 shares during the quarter. Stephens Inc. AR’s holdings in Procter & Gamble were worth $15,012,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Seascape Capital Management boosted its position in Procter & Gamble by 23.5% during the first quarter. Seascape Capital Management now owns 4,868 shares of the company’s stock worth $703,000 after purchasing an additional 925 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Procter & Gamble by 33.9% in the 1st quarter. Raleigh Capital Management Inc. now owns 7,040 shares of the company’s stock worth $1,017,000 after buying an additional 1,781 shares in the last quarter. Lee Danner & Bass Inc. lifted its holdings in Procter & Gamble by 0.4% during the 1st quarter. Lee Danner & Bass Inc. now owns 86,056 shares of the company’s stock valued at $12,430,000 after purchasing an additional 359 shares during the last quarter. TI Trust Inc. boosted its stake in Procter & Gamble by 10.9% in the first quarter. TI Trust Inc. now owns 4,948 shares of the company’s stock worth $715,000 after purchasing an additional 488 shares in the last quarter. Finally, NBT Bank N A NY lifted its position in shares of Procter & Gamble by 0.3% during the first quarter. NBT Bank N A NY now owns 121,024 shares of the company’s stock worth $17,481,000 after purchasing an additional 377 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Stock Up 2.5%
NYSE PG traded up $3.70 on Tuesday, hitting $153.01. 1,770,435 shares of the company were exchanged, compared to its average volume of 10,181,897. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The stock has a fifty day moving average of $146.45 and a 200-day moving average of $148.27. The company has a market cap of $356.30 billion, a PE ratio of 22.40, a PEG ratio of 6.44 and a beta of 0.39.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a $1.0885 dividend. 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 2.8%. Procter & Gamble’s payout ratio is 63.60%.
Analysts Set New Price Targets
A number of brokerages have issued reports on PG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Piper Sandler upped their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Evercore set a $162.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $161.47.
Get 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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