One Plus One Wealth Management LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,322 shares of the company’s stock after purchasing an additional 120 shares during the period. One Plus One Wealth Management LLC’s holdings in Procter & Gamble were worth $345,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. EWG Elevate Inc. purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $26,000. Silicon Valley Capital Partners purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at approximately $30,000. Luken Investment Analytics LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $37,000. Finally, Bourgeon Capital Management LLC raised its position in shares of Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after buying an additional 71 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Stock Performance
Shares of PG stock opened at $148.46 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $150.63 and a 200 day moving average price of $147.41. The company has a market cap of $349.92 billion, a P/E ratio of 25.86, a PEG ratio of 4.13 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $122.18 and a 12 month high of $158.11.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.53%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s payout ratio is presently 65.51%.
Insider Buying and Selling
In other Procter & Gamble news, CFO Andre Schulten sold 25,244 shares of the company’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $155.27, for a total value of $3,919,635.88. Following the completion of the transaction, the chief financial officer now owns 27,118 shares in the company, valued at $4,210,611.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CFO Andre Schulten sold 25,244 shares of the company’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $155.27, for a total value of $3,919,635.88. Following the completion of the transaction, the chief financial officer now owns 27,118 shares in the company, valued at $4,210,611.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the completion of the transaction, the chief operating officer now owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,093 shares of company stock worth $14,821,930. Corporate insiders own 0.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on PG. Barclays lifted their price target on shares of Procter & Gamble from $160.00 to $167.00 in a research report on Wednesday, April 26th. UBS Group lifted their price target on shares of Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Raymond James boosted their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Sunday, April 23rd. Morgan Stanley boosted their target price on Procter & Gamble from $160.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, April 24th. Finally, Evercore ISI boosted their target price on Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.50.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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