Infusive Asset Management Inc. raised its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 56.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,601 shares of the company’s stock after buying an additional 28,055 shares during the quarter. Procter & Gamble accounts for about 4.8% of Infusive Asset Management Inc.’s holdings, making the stock its 6th biggest position. Infusive Asset Management Inc.’s holdings in Procter & Gamble were worth $11,121,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. Carson Advisory Inc. increased its stake in Procter & Gamble by 0.5% in the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after buying an additional 65 shares during the period. Trilogy Capital Inc. increased its stake in Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after buying an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after purchasing an additional 67 shares during the last quarter. Lorne Steinberg Wealth Management Inc. increased its stake in shares of Procter & Gamble by 2.7% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after purchasing an additional 68 shares during the last quarter. Finally, Grant Street Asset Management Inc. increased its stake in shares of Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock worth $376,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
NYSE PG opened at $149.47 on Friday. 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 fifty day simple moving average of $144.63 and a 200 day simple moving average of $147.70. The company has a market cap of $348.04 billion, a P/E ratio of 21.85, a P/E/G ratio of 6.51 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is currently 63.60%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on PG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $163.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Piper Sandler increased their price target on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. 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 note on Monday, April 27th. Finally, Evercore set a $162.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $160.78.
Read Our Latest Analysis on PG
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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