Arkfeld Wealth Strategies L.L.C. raised its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,060 shares of the company’s stock after buying an additional 524 shares during the period. Arkfeld Wealth Strategies L.L.C.’s holdings in Procter & Gamble were worth $465,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Procter & Gamble by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after buying an additional 2,197,165 shares during the last quarter. BlackRock Inc. boosted its position in Procter & Gamble by 1.1% in the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after buying an additional 1,811,085 shares during the last quarter. State Street Corp boosted its position in Procter & Gamble by 0.8% in the 3rd quarter. State Street Corp now owns 104,749,256 shares of the company’s stock valued at $13,224,594,000 after buying an additional 797,652 shares during the last quarter. Legal & General Group Plc boosted its position in Procter & Gamble by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock valued at $2,665,327,000 after buying an additional 637,095 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Procter & Gamble by 22.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock worth $2,382,268,000 after purchasing an additional 3,054,844 shares during the last quarter. 62.13% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Price Performance
Shares of NYSE:PG opened at $148.69 on Friday. The firm’s 50 day moving average is $141.15 and its two-hundred day moving average is $141.17. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. The firm has a market capitalization of $350.78 billion, a P/E ratio of 26.09, a PEG ratio of 4.12 and a beta of 0.40. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47.
Procter & Gamble Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were paid a $0.9133 dividend. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s payout ratio is currently 64.04%.
Analyst Upgrades and Downgrades
PG has been the topic of several research analyst reports. Raymond James increased their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. Citigroup initiated coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They set a “buy” rating and a $160.00 price target on the stock. Barclays reduced their price target on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research report on Friday, January 20th. Finally, StockNews.com initiated coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.27.
Insider Buying and Selling at Procter & Gamble
In related news, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the transaction, the chief financial officer now owns 35,142 shares in the company, valued at $4,826,402.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the transaction, the chief financial officer now owns 35,142 shares in the company, valued at $4,826,402.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Street Whaley sold 435 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now owns 10,840 shares in the company, valued at approximately $1,537,328.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,766 shares of company stock worth $656,511. 0.26% of the stock is owned by company insiders.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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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