GM Advisory Group LLC decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,392 shares of the company’s stock after selling 9,445 shares during the quarter. GM Advisory Group LLC’s holdings in Procter & Gamble were worth $2,223,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of PG. Brighton Jones LLC boosted its position 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 in the last quarter. Taylor Financial Group Inc. increased its position in shares of Procter & Gamble by 10.6% in the first 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. Sivia Capital Partners LLC raised its stake in shares of Procter & Gamble by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after buying an additional 1,016 shares during the last quarter. Auxano Advisors LLC raised its stake in shares of Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after buying an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its position in shares of Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after buying an additional 809 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
NYSE:PG opened at $151.30 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The firm has a market cap of $352.32 billion, a PE ratio of 22.12, a P/E/G ratio of 6.44 and a beta of 0.39. The firm has a 50 day simple moving average of $146.45 and a 200-day simple moving average of $148.25. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. The ex-dividend date was Friday, April 24th. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble’s payout ratio is currently 63.60%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Bank of America lowered their price target on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Raymond James Financial dropped their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Finally, Royal Bank Of Canada cut their price objective on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.47.
Check Out Our Latest Stock Report on PG
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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