Bank Julius Baer & Co. Ltd Zurich lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,525,663 shares of the company’s stock after selling 6,575 shares during the quarter. Procter & Gamble comprises about 1.8% of Bank Julius Baer & Co. Ltd Zurich’s investment portfolio, making the stock its 13th largest position. Bank Julius Baer & Co. Ltd Zurich’s holdings in Procter & Gamble were worth $649,115,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. Maseco LLP acquired a new position in Procter & Gamble in the fourth quarter valued at about $28,000. Saranac Partners Ltd acquired a new position in Procter & Gamble in the third quarter valued at about $30,000. Caitlin John LLC acquired a new position in Procter & Gamble in the third quarter valued at about $34,000. Finally, Anfield Capital Management LLC lifted its stake in Procter & Gamble by 121.5% in the fourth quarter. Anfield Capital Management LLC now owns 237 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Down 1.1%
NYSE:PG opened at $142.34 on Thursday. The stock has a 50-day simple moving average of $146.77 and a 200 day simple moving average of $148.33. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $170.99. The company has a market cap of $331.46 billion, a PE ratio of 20.81, a PEG ratio of 6.17 and a beta of 0.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 3.1%. Procter & Gamble’s dividend payout ratio is currently 63.60%.
Wall Street Analyst Weigh In
Several research firms have weighed in on PG. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada cut their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Jefferies Financial Group cut their target price on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. The Goldman Sachs Group cut their target price on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, Evercore set a $162.00 target price on Procter & Gamble in a research note on Monday, April 27th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $161.06.
Get Our Latest Stock Analysis on PG
Insider Activity at Procter & Gamble
In other news, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the completion of the transaction, the insider directly owned 30,215 shares in the company, valued at $4,818,083.90. This represents a 5.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 22,527 shares of company stock valued at $3,667,283. Corporate insiders own 0.20% of the company’s stock.
About Procter & Gamble
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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