Aureus Asset Management LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,278 shares of the company’s stock after buying an additional 205 shares during the quarter. Aureus Asset Management LLC’s holdings in Procter & Gamble were worth $3,225,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. EWG Elevate Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $26,000. Silicon Valley Capital Partners acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble during the third quarter valued at about $30,000. Luken Investment Analytics LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $37,000. Finally, Kepos Capital LP acquired a new position in shares of Procter & Gamble in the fourth quarter worth approximately $38,000. 62.13% of the stock is owned by institutional investors and hedge funds.
Procter & Gamble Trading Down 0.2 %
NYSE PG opened at $145.06 on Wednesday. The company has a market cap of $341.90 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 4.07 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.11. The business has a 50 day moving average price of $151.05 and a 200-day moving average price of $147.39. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.51.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were issued a dividend of $0.9407 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Thursday, April 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.59%. Procter & Gamble’s payout ratio is currently 65.51%.
Insider Activity at Procter & Gamble
In related news, CFO Andre Schulten sold 25,244 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the transaction, the chief financial officer now owns 27,118 shares of the company’s stock, valued at $4,210,611.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Andre Schulten sold 25,244 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the transaction, the chief financial officer now owns 27,118 shares of the company’s stock, valued at $4,210,611.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,300 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $156.33, for a total value of $1,922,859.00. Following the transaction, the insider now directly owns 13,001 shares in the company, valued at approximately $2,032,446.33. The disclosure for this sale can be found here. Insiders have sold a total of 95,093 shares of company stock valued at $14,821,930 over the last 90 days. Insiders own 0.26% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on PG shares. Citigroup started coverage on Procter & Gamble in a research note on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $150.00 to $155.00 in a research note on Friday, March 3rd. Raymond James lifted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Sunday, April 23rd. Jefferies Financial Group lifted their price objective on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, Morgan Stanley lifted their target price on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, April 24th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.50.
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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