Vise Technologies Inc. lifted its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 102.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 79,359 shares of the company’s stock after buying an additional 40,143 shares during the quarter. Vise Technologies Inc.’s holdings in Procter & Gamble were worth $11,373,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. grew its position in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Park Square Financial Group LLC grew its position in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the last quarter. Maseco LLP purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $28,000. Finally, Saranac Partners Ltd purchased a new stake in Procter & Gamble during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Up 0.4%
PG stock opened at $140.80 on Friday. The firm’s fifty day simple moving average is $144.13 and its 200-day simple moving average is $147.69. The company has a market capitalization of $327.87 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 6.01 and a beta of 0.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $1.0885 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.1%. Procter & Gamble’s payout ratio is currently 63.60%.
Trending Headlines about Procter & Gamble
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Procter & Gamble will webcast its presentation from the Evercore Consumer and Retail Conference on June 10, which could give investors fresh updates on demand trends, pricing, margins, and guidance expectations. P&G to Webcast Presentation From the Evercore Consumer and Retail Conference, June 10
- Positive Sentiment: PG highlighted its presentation at the 23rd Annual dbAccess Global Consumer Conference, reinforcing management’s active engagement with investors and analysts. The Procter and Gamble Company (PG) Presents at 23rd annual dbAccess Global Consumer Conference – Slideshow
- Positive Sentiment: Walmart announced a $10.8 million disaster-relief grant to Matthew 25: Ministries in collaboration with Procter & Gamble, a reputationally positive note that underscores PG’s role in large-scale consumer and community partnerships. Walmart Grants $10.8M to Matthew 25: Ministries for Disaster Fleet Expansion in Collaboration with Procter & Gamble
Wall Street Analyst Weigh In
Several analysts have weighed in on PG shares. Piper Sandler boosted their target price on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Evercore set a $162.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Friday, March 27th. Barclays dropped their target price on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Finally, BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $161.06.
Read Our Latest Analysis on PG
Procter & Gamble Company Profile
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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