Procter & Gamble Co (PG) Stake Raised by BKD Wealth Advisors LLC
BKD Wealth Advisors LLC lifted its holdings in Procter & Gamble Co (NYSE:PG) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,934 shares of the company’s stock after buying an additional 903 shares during the quarter. Procter & Gamble makes up about 0.4% of BKD Wealth Advisors LLC’s portfolio, making the stock its 27th biggest position. BKD Wealth Advisors LLC’s holdings in Procter & Gamble were worth $4,404,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Truepoint Inc. increased its holdings in Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after purchasing an additional 26,584,514 shares during the period. Capital Research Global Investors increased its holdings in Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after purchasing an additional 5,278,359 shares during the period. Janus Henderson Group PLC increased its holdings in Procter & Gamble by 1,244.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after purchasing an additional 4,165,862 shares during the period. Vanguard Group Inc. increased its holdings in Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. Finally, Stifel Financial Corp increased its holdings in Procter & Gamble by 60,483.0% during the 3rd quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock worth $220,392,000 after purchasing an additional 2,419,319 shares during the period. Institutional investors own 60.95% of the company’s stock.
Shares of Procter & Gamble Co (NYSE:PG) opened at $76.41 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The firm has a market capitalization of $197,419.81, a price-to-earnings ratio of 20.43, a PEG ratio of 2.44 and a beta of 0.58. Procter & Gamble Co has a 52-week low of $76.37 and a 52-week high of $94.67.
Several research analysts have commented on PG shares. Deutsche Bank started coverage on Procter & Gamble in a report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price objective on the stock. Morgan Stanley raised their price objective on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Monday, January 8th. Finally, Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.18.
In other news, insider Jeffrey K. Schomburger sold 37,776 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $81.37, for a total value of $3,073,833.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold a total of 114,011 shares of company stock valued at $9,710,976 in the last three months. Insiders own 0.35% of the company’s stock.
About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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