Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 25.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,990 shares of the company’s stock after selling 1,721 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Procter & Gamble were worth $795,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the 1st quarter worth $26,000. Signature Resources Capital Management LLC raised its position in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP bought a new position in shares of Procter & Gamble during the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in Procter & Gamble in the second quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC bought a new stake in Procter & Gamble in the second quarter valued at approximately $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Trading Up 0.3%
NYSE:PG opened at $152.62 on Monday. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The company has a market cap of $357.21 billion, a PE ratio of 22.28, a PEG ratio of 4.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.71 and a quick ratio of 0.51. The firm has a 50-day moving average of $154.66 and a 200-day moving average of $158.38.
Procter & Gamble Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid 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 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on PG shares. Bank of America dropped their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Evercore ISI reiterated an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Raymond James Financial lowered their price objective 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Saturday. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.68.
View Our Latest Research Report on PG
Insider Activity
In other news, COO Shailesh Jejurikar sold 13,039 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the sale, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. This represents a 31.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,763 shares of company stock worth $23,421,279. Company insiders own 0.20% of the company’s stock.
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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