Markowski Investments purchased a new stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,646 shares of the company’s stock, valued at approximately $2,588,000.
Other hedge funds have also recently made changes to their positions in the company. Carson Advisory Inc. raised its position in Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after purchasing an additional 65 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of Procter & Gamble by 1.8% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after buying an additional 67 shares in the last quarter. Cowa LLC raised its holdings in shares of Procter & Gamble by 2.4% in the 4th quarter. Cowa LLC now owns 2,985 shares of the company’s stock valued at $428,000 after buying an additional 70 shares during the period. KLCM Advisors Inc. raised its holdings in shares of Procter & Gamble by 0.9% in the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after buying an additional 70 shares during the period. Finally, Midwest Professional Planners LTD. lifted its stake in Procter & Gamble by 2.6% during the 2nd quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock worth $410,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Down 0.4%
Shares of Procter & Gamble stock opened at $146.29 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a market capitalization of $339.78 billion, a P/E ratio of 22.10, a P/E/G ratio of 3.65 and a beta of 0.39. The company has a 50 day moving average of $146.77 and a 200 day moving average of $147.82.
Procter & Gamble Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble’s dividend payout ratio is currently 65.71%.
Insider Activity
In other Procter & Gamble news, insider Susan Whaley sold 2,238 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the transaction, the insider directly owned 26,989 shares in the company, valued at $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the sale, the insider directly owned 187,001 shares in the company, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
PG has been the subject of several research reports. Barclays lifted their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Citigroup reduced their price target on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Bank of America dropped their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a research note on Monday, August 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $161.19.
Get Our Latest Stock Report on Procter & Gamble
Procter & Gamble Company Profile
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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