First National Corp MA ADV boosted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 5,769 shares of the company’s stock after acquiring an additional 67 shares during the period. First National Corp MA ADV’s holdings in Procter & Gamble were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in PG. Brighton Jones LLC boosted its holdings in Procter & Gamble by 51.5% in the fourth 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. Bank Pictet & Cie Europe AG boosted its holdings in Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after purchasing an additional 284,174 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in Procter & Gamble by 7.0% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 6,035 shares of the company’s stock worth $1,032,000 after purchasing an additional 394 shares during the period. State of Wyoming boosted its holdings in Procter & Gamble by 219.9% in the fourth quarter. State of Wyoming now owns 3,829 shares of the company’s stock worth $642,000 after purchasing an additional 2,632 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in Procter & Gamble by 100.5% in the fourth quarter. Two Sigma Advisers LP now owns 110,300 shares of the company’s stock worth $18,492,000 after purchasing an additional 55,300 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
PG stock opened at $156.93 on Tuesday. The company has a market capitalization of $367.30 billion, a P/E ratio of 24.11, a PEG ratio of 4.17 and a beta of 0.36. The company has a 50-day simple moving average of $156.14 and a 200 day simple moving average of $161.65. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s payout ratio is 64.98%.
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 8,596 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the sale, the chief executive officer owned 64,991 shares in the company, valued at approximately $10,221,134.57. This trade represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock valued at $18,918,012 in the last quarter. 0.20% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. BNP Paribas reissued an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.12.
View Our Latest Stock Report on Procter & Gamble
Procter & Gamble 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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