Rodgers & Associates LTD lowered its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 8.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,711 shares of the company’s stock after selling 165 shares during the period. Rodgers & Associates LTD’s holdings in Procter & Gamble were worth $254,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in PG. Capital Investment Advisory Services LLC raised its position in Procter & Gamble by 4.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 36,681 shares of the company’s stock worth $5,559,000 after purchasing an additional 1,711 shares in the last quarter. Deuterium Capital Management LLC acquired a new position in Procter & Gamble in the fourth quarter worth about $675,000. Sweet Financial Partners LLC raised its position in Procter & Gamble by 25.3% in the first quarter. Sweet Financial Partners LLC now owns 10,422 shares of the company’s stock worth $1,550,000 after purchasing an additional 2,106 shares in the last quarter. CX Institutional raised its position in Procter & Gamble by 4.1% in the fourth quarter. CX Institutional now owns 33,743 shares of the company’s stock worth $5,114,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC raised its position in Procter & Gamble by 11.1% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock worth $4,682,000 after purchasing an additional 3,089 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.
Procter & Gamble Price Performance
Shares of PG stock opened at $151.74 on Friday. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.11. The stock has a market cap of $357.65 billion, a PE ratio of 26.44, a PEG ratio of 4.15 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59. The firm’s 50 day moving average price is $150.41 and its two-hundred day moving average price is $147.39.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, April 20th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a yield of 2.48%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.
Insiders Place Their Bets
In related news, COO Shailesh Jejurikar sold 31,000 shares of the firm’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 sale, the chief operating officer now directly owns 10,014 shares in the company, valued at $1,562,484.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Matthew W. Janzaruk sold 13,697 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $155.76, for a total transaction of $2,133,444.72. Following the sale, the chief accounting officer now directly owns 883 shares in the company, valued at $137,536.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble 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 sale, the chief operating officer now owns 10,014 shares in the company, valued at $1,562,484.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,093 shares of company stock worth $14,821,930. Company insiders own 0.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on PG. Evercore ISI upped their price objective on shares of Procter & Gamble from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. UBS Group upped their price objective on shares of Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Truist Financial cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $165.00 to $155.00 in a research note on Thursday, May 18th. Finally, Barclays upped their price objective on shares of Procter & Gamble from $160.00 to $167.00 in a research note on Wednesday, April 26th. Five 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, the company currently has an average rating of “Moderate Buy” and an average target price of $161.50.
Procter & Gamble Profile
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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