Mitchell Capital Management Co. boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 265.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,165 shares of the company’s stock after acquiring an additional 3,750 shares during the quarter. Mitchell Capital Management Co.’s holdings in Procter & Gamble were worth $794,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of PG. WP Advisors LLC grew its holdings in shares of Procter & Gamble by 4.9% in the second quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock worth $224,000 after purchasing an additional 66 shares during the last quarter. Emprise Bank boosted its position in Procter & Gamble by 2.5% in the 3rd quarter. Emprise Bank now owns 2,766 shares of the company’s stock valued at $425,000 after buying an additional 68 shares during the period. Affiance Financial LLC grew its stake in Procter & Gamble by 2.5% in the 3rd quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock worth $431,000 after acquiring an additional 69 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in Procter & Gamble by 12.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 621 shares of the company’s stock worth $99,000 after acquiring an additional 71 shares in the last quarter. Finally, Dominguez Wealth Management Solutions Inc. increased its position in shares of Procter & Gamble by 0.3% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock worth $3,144,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
PG stock opened at $159.97 on Thursday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The firm has a market cap of $371.77 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 5.29 and a beta of 0.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The firm has a 50-day simple moving average of $146.48 and a two-hundred day simple moving average of $150.36.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is presently 62.67%.
Insiders Place Their Bets
In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $158.00, for a total transaction of $1,264,000.00. Following the sale, the chief executive officer directly owned 6,571 shares of the company’s stock, valued at $1,038,218. The trade was a 54.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts recently issued reports on PG shares. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Raymond James Financial cut their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Barclays set a $155.00 target price on shares of Procter & Gamble in a report on Friday, January 16th. Finally, Rothschild & Co Redburn boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.
Read Our Latest Stock Analysis on PG
Procter & Gamble Company Profile
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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