Beacon Capital Management LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,652 shares of the company’s stock after selling 301 shares during the quarter. Procter & Gamble comprises approximately 0.3% of Beacon Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Beacon Capital Management LLC’s holdings in Procter & Gamble were worth $1,856,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Procter & Gamble by 51.5% during 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 last quarter. Two Sigma Investments LP lifted its stake in Procter & Gamble by 2.4% during the fourth quarter. Two Sigma Investments LP now owns 18,133 shares of the company’s stock worth $3,040,000 after purchasing an additional 433 shares during the last quarter. First Hawaiian Bank lifted its stake in Procter & Gamble by 11.2% during the first quarter. First Hawaiian Bank now owns 9,366 shares of the company’s stock worth $1,596,000 after purchasing an additional 940 shares during the last quarter. Rothschild Investment LLC lifted its stake in Procter & Gamble by 0.5% during the first quarter. Rothschild Investment LLC now owns 25,919 shares of the company’s stock worth $4,417,000 after purchasing an additional 136 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its stake in Procter & Gamble by 4.2% during the first quarter. BTC Capital Management Inc. now owns 79,089 shares of the company’s stock worth $13,479,000 after purchasing an additional 3,207 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Up 0.2%
Shares of NYSE:PG opened at $152.44 on Friday. The firm has a market cap of $356.78 billion, a P/E ratio of 23.42, a P/E/G ratio of 4.02 and a beta of 0.36. 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 Company has a 12-month low of $149.91 and a 12-month high of $180.43. The business has a fifty day simple moving average of $156.00 and a 200 day simple moving average of $160.55.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on PG shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. BNP Paribas Exane dropped their price target 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. Wells Fargo & Company dropped their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Barclays set a $164.00 target price on Procter & Gamble and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.68.
Get Our Latest Analysis on Procter & Gamble
Insider Activity
In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the completion of the sale, the chief executive officer directly owned 41,886 shares in the company, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the sale, the chief executive officer owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is owned by insiders.
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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