Asset Management One Co. Ltd. lowered its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,169,484 shares of the company’s stock after selling 5,560 shares during the period. Procter & Gamble accounts for 0.6% of Asset Management One Co. Ltd.’s portfolio, making the stock its 25th largest position. Asset Management One Co. Ltd.’s holdings in Procter & Gamble were worth $186,322,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of PG. Brighton Jones LLC grew its holdings in shares of Procter & Gamble by 51.5% during the 4th 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 in the last quarter. Taylor Financial Group Inc. boosted its stake in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares in the last quarter. GAMMA Investing LLC boosted its stake in Procter & Gamble by 22.4% in the 1st quarter. GAMMA Investing LLC now owns 46,658 shares of the company’s stock valued at $7,951,000 after buying an additional 8,537 shares in the last quarter. Summit Wealth Group LLC boosted its stake in Procter & Gamble by 11.2% in the 1st quarter. Summit Wealth Group LLC now owns 7,437 shares of the company’s stock valued at $1,267,000 after buying an additional 752 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Procter & Gamble in the 1st quarter valued at $267,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble stock opened at $152.20 on Friday. The stock’s fifty day moving average price is $154.69 and its two-hundred day moving average price is $158.44. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a market cap of $356.22 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 4.04 and a beta of 0.36.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.82%.
Insider Buying and Selling
In other news, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction on 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 completion of the transaction, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on PG. Wells Fargo & Company cut their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Barclays dropped their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. BNP Paribas restated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Finally, Berenberg Bank upped their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $171.68.
Check Out Our Latest Stock Analysis 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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