Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,855,561 shares of the company’s stock after selling 17,551 shares during the quarter. Procter & Gamble makes up 0.5% of Universal Beteiligungs und Servicegesellschaft mbH’s investment portfolio, making the stock its 26th biggest holding. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Procter & Gamble worth $295,628,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Y.D. More Investments Ltd lifted its stake in Procter & Gamble by 4.4% during the second quarter. Y.D. More Investments Ltd now owns 15,040 shares of the company’s stock worth $2,395,000 after purchasing an additional 632 shares during the last quarter. Foundation Wealth Management LLC PA raised its holdings in Procter & Gamble by 136.8% during the second quarter. Foundation Wealth Management LLC PA now owns 3,083 shares of the company’s stock worth $491,000 after purchasing an additional 1,781 shares in the last quarter. Westpac Banking Corp lifted its position in shares of Procter & Gamble by 23.1% during the 2nd quarter. Westpac Banking Corp now owns 88,588 shares of the company’s stock worth $14,114,000 after buying an additional 16,613 shares during the last quarter. Western Wealth Management LLC grew its position in shares of Procter & Gamble by 2.2% in the 2nd quarter. Western Wealth Management LLC now owns 33,237 shares of the company’s stock valued at $5,295,000 after buying an additional 719 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. raised its stake in Procter & Gamble by 1,490.7% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 152,100 shares of the company’s stock worth $24,233,000 after acquiring an additional 142,538 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble stock opened at $147.71 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The business has a 50 day simple moving average of $151.83 and a 200-day simple moving average of $156.57. Procter & Gamble Company has a 12 month low of $144.09 and a 12 month high of $180.43. The stock has a market capitalization of $345.16 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36.
Procter & Gamble Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s payout ratio is presently 61.61%.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the sale, the chief financial officer owned 52,642 shares of the company’s stock, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 150,489 shares of company stock worth $23,529,864. 0.20% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
PG has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Thursday. Raymond James Financial decreased their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. BNP Paribas Exane reduced their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Finally, Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.53.
View Our Latest Analysis on PG
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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