Northstar Financial Companies Inc. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,069 shares of the company’s stock, valued at approximately $597,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Market Inc. increased its position in Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after purchasing an additional 147,701 shares during the period. World Investment Advisors lifted its holdings in shares of Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after purchasing an additional 14,492 shares in the last quarter. Resources Management Corp CT ADV lifted its position in Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after acquiring an additional 24,010 shares in the last quarter. Indivisible Partners purchased a new position in Procter & Gamble during the 4th quarter worth $2,120,000. Finally, Rokos Capital Management LLP bought a new stake in Procter & Gamble in the 1st quarter worth about $29,914,000. 65.77% of the stock is owned by institutional investors.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $143.00 on Friday. The stock’s 50-day moving average is $147.83 and its 200 day moving average is $148.72. The stock has a market cap of $332.39 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 4.45 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is 65.71%.
Analysts Set New Price Targets
PG has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Piper Sandler raised their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. TD Cowen upped their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Finally, Rothschild & Co Redburn lowered their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.52.
Check Out Our Latest Analysis on PG
Procter & Gamble 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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