Wealth Enhancement Advisory Services LLC grew its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 113.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,915 shares of the company’s stock after acquiring an additional 59,535 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Procter & Gamble were worth $16,641,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. NorthCrest Asset Manangement LLC lifted its stake in shares of Procter & Gamble by 1,038.5% during the first quarter. NorthCrest Asset Manangement LLC now owns 152,011 shares of the company’s stock valued at $22,602,000 after acquiring an additional 138,659 shares during the period. SeaTown Holdings Pte. Ltd. lifted its position in Procter & Gamble by 106.5% during the 1st quarter. SeaTown Holdings Pte. Ltd. now owns 64,000 shares of the company’s stock valued at $9,516,000 after purchasing an additional 33,000 shares during the period. Zullo Investment Group Inc. lifted its position in Procter & Gamble by 0.7% during the 1st quarter. Zullo Investment Group Inc. now owns 14,845 shares of the company’s stock valued at $2,207,000 after purchasing an additional 105 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of Procter & Gamble during the 1st quarter worth approximately $144,000. Finally, Montecito Bank & Trust raised its stake in shares of Procter & Gamble by 0.3% during the first quarter. Montecito Bank & Trust now owns 20,956 shares of the company’s stock worth $3,116,000 after buying an additional 71 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock opened at $148.85 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39. The firm has a market cap of $350.83 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $158.11. The stock’s 50-day moving average is $149.50 and its 200-day moving average is $147.30.
Procter & Gamble Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be paid a dividend of $0.9407 per share. The ex-dividend date is Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.53%. Procter & Gamble’s dividend payout ratio is 65.51%.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the transaction, the chief operating officer now directly owns 10,014 shares in the company, valued at $1,562,484.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 4,852 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the transaction, the insider now owns 7,977 shares of the company’s stock, valued at $1,240,184.19. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the transaction, the chief operating officer now owns 10,014 shares of the company’s stock, valued at $1,562,484.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,093 shares of company stock valued at $14,821,930. 0.26% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, April 24th. UBS Group upped their price objective on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, April 24th. Raymond James boosted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Sunday, April 23rd. StockNews.com began coverage on shares of Procter & Gamble in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Truist Financial cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $165.00 to $155.00 in a report on Thursday, May 18th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Procter & Gamble presently 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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