Future Fund LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,883 shares of the company’s stock after buying an additional 546 shares during the quarter. Future Fund LLC’s holdings in Procter & Gamble were worth $937,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Kingstone Capital Partners Texas LLC lifted its position in shares of Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after purchasing an additional 76,017,350 shares during the last quarter. Nuveen LLC acquired a new stake in Procter & Gamble in the 1st quarter valued at approximately $1,954,941,000. Price T Rowe Associates Inc. MD increased its position in Procter & Gamble by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock worth $3,660,737,000 after buying an additional 2,466,308 shares during the period. Invesco Ltd. lifted its holdings in shares of Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock worth $2,299,580,000 after buying an additional 2,228,151 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Procter & Gamble by 1,875.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company’s stock worth $280,946,000 after buying an additional 1,674,139 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
NYSE:PG opened at $146.90 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. The company has a 50-day moving average of $152.93 and a 200-day moving average of $157.08. Procter & Gamble Company has a 52 week low of $144.46 and a 52 week high of $180.43. The company has a market capitalization of $343.28 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 3.87 and a beta of 0.36.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is 61.61%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group decreased their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Bank of America reduced their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $171.53.
Check Out Our Latest Research Report on PG
Insiders Place Their Bets
In other Procter & Gamble news, CEO Jon R. Moeller sold 11,684 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $1,778,655.32. Following the sale, the chief executive officer directly owned 319,932 shares in the company, valued at $48,703,248.36. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the transaction, the chief operating officer owned 46,899 shares of the company’s stock, valued at $7,139,434.77. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 150,488 shares of company stock worth $23,529,718 over the last quarter. Corporate insiders own 0.20% of the company’s stock.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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