Freedom Day Solutions LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,363 shares of the company’s stock after selling 787 shares during the quarter. Freedom Day Solutions LLC’s holdings in Procter & Gamble were worth $1,572,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Procter & Gamble by 99,734.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 253,081,478 shares of the company’s stock valued at $38,402,583,000 after purchasing an additional 252,827,976 shares during the period. BlackRock Inc. boosted its holdings in Procter & Gamble by 1.4% in the 1st quarter. BlackRock Inc. now owns 161,843,254 shares of the company’s stock worth $24,064,473,000 after buying an additional 2,157,319 shares during the last quarter. Geode Capital Management LLC increased its stake in Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after buying an additional 510,559 shares in the last quarter. Morgan Stanley raised its holdings in shares of Procter & Gamble by 12.6% during 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 lifted its position in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after acquiring an additional 38,495,676 shares in the last quarter. 63.43% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Stock Performance
NYSE PG opened at $144.09 on Monday. The stock has a market cap of $339.66 billion, a PE ratio of 24.42, a P/E/G ratio of 3.30 and a beta of 0.44. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.38. The stock has a fifty day simple moving average of $152.60 and a 200-day simple moving average of $151.21. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.
Procter & Gamble Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, July 20th. Procter & Gamble’s dividend payout ratio (DPR) is 63.73%.
Insider Transactions at Procter & Gamble
In related news, CEO R. Alexandra Keith sold 1,413 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $144.97, for a total transaction of $204,842.61. Following the transaction, the chief executive officer now owns 26,306 shares of the company’s stock, valued at approximately $3,813,580.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,413 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $144.97, for a total value of $204,842.61. Following the completion of the transaction, the chief executive officer now owns 26,306 shares of the company’s stock, valued at approximately $3,813,580.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 8,387 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $156.87, for a total value of $1,315,668.69. Following the sale, the chief executive officer now directly owns 962 shares in the company, valued at approximately $150,908.94. The disclosure for this sale can be found here. Insiders sold a total of 108,760 shares of company stock worth $16,835,914 over the last ninety days. Company insiders own 0.17% of the company’s stock.
Analysts Set New Price Targets
PG has been the subject of several research reports. Bank of America boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. HSBC initiated coverage on shares of Procter & Gamble in a research report on Friday, September 22nd. They issued a “buy” rating and a $179.00 target price for the company. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $174.00 price target on shares of Procter & Gamble in a research report on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $165.61.
Check Out Our Latest Stock Analysis on PG
Procter & Gamble Company 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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