Proficio Capital Partners LLC grew its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 15,160.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,262,345 shares of the company’s stock after acquiring an additional 1,254,073 shares during the quarter. Proficio Capital Partners LLC owned 0.05% of Procter & Gamble worth $1,265,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of 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 period. State Street Corp lifted its holdings in Procter & Gamble by 0.8% during the third quarter. State Street Corp now owns 104,749,256 shares of the company’s stock worth $13,224,594,000 after acquiring an additional 797,652 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Procter & Gamble by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 46,243,572 shares of the company’s stock valued at $6,997,559,000 after purchasing an additional 323,292 shares in the last quarter. Morgan Stanley increased its position in shares of Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after acquiring an additional 4,959,527 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in Procter & Gamble by 96,526.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after buying an additional 38,495,676 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.
Procter & Gamble Stock Up 1.6 %
PG stock opened at $151.74 on Monday. The company’s 50 day moving average is $150.41 and its 200 day moving average is $147.32. 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 stock has a market cap of $357.65 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 4.22 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $158.11.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were paid a $0.9407 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, April 20th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio is currently 65.51%.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the completion of the sale, the chief executive officer now directly owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Balaji Purushothaman sold 12,300 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 13,001 shares of the company’s stock, valued at $2,032,446.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the completion of the sale, the chief executive officer now directly owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,093 shares of company stock valued at $14,821,930. Insiders own 0.26% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on PG. Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. UBS Group upped their target price on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the stock from $165.00 to $155.00 in a research report on Thursday, May 18th. Raymond James increased their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Sunday, April 23rd. Finally, StockNews.com assumed coverage on Procter & Gamble in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Five 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 company 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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