Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,922 shares of the company’s stock after purchasing an additional 1,244 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Procter & Gamble were worth $5,245,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of PG. Brighton Jones LLC lifted its position in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Taylor Financial Group Inc. lifted its position in Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares during the period. Beacon Financial Group lifted its position in Procter & Gamble by 1.0% during the 1st quarter. Beacon Financial Group now owns 9,399 shares of the company’s stock valued at $1,602,000 after acquiring an additional 94 shares during the period. Lake Street Private Wealth LLC lifted its position in Procter & Gamble by 8.6% during the 1st quarter. Lake Street Private Wealth LLC now owns 3,256 shares of the company’s stock valued at $555,000 after acquiring an additional 259 shares during the period. Finally, Vest Financial LLC lifted its position in Procter & Gamble by 5.2% during the 1st quarter. Vest Financial LLC now owns 365,925 shares of the company’s stock valued at $62,361,000 after acquiring an additional 18,017 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Up 0.1%
Shares of Procter & Gamble stock opened at $152.19 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a market capitalization of $356.20 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 4.01 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a 50-day simple moving average of $155.51 and a two-hundred day simple moving average of $160.06.
Procter & Gamble Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is currently 64.98%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on PG shares. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Evercore ISI reissued an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Berenberg Bank lifted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Eleven equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.11.
Get Our Latest Analysis on Procter & Gamble
Insider Transactions at Procter & Gamble
In other news, insider Susan Street Whaley sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $156.84, for a total value of $156,840.00. Following the completion of the sale, the insider directly owned 28,436 shares in the company, valued at $4,459,902.24. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the completion of the sale, the chief executive officer owned 41,886 shares of the company’s stock, valued at $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,181 shares of company stock valued at $18,918,012. Company insiders own 0.20% of the company’s stock.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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