Capital Financial Group Inc. Co. ADV acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,997 shares of the company’s stock, valued at approximately $716,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. lifted its holdings in Procter & Gamble by 61.3% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 600 shares of the company’s stock valued at $86,000 after purchasing an additional 228 shares during the last quarter. Tobias Financial Advisors Inc. bought a new position in Procter & Gamble during the 4th quarter valued at about $274,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Procter & Gamble by 74.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 4,850 shares of the company’s stock valued at $695,000 after purchasing an additional 2,070 shares during the last quarter. Trustco Bank Corp N Y lifted its holdings in Procter & Gamble by 0.7% during the 4th quarter. Trustco Bank Corp N Y now owns 16,364 shares of the company’s stock valued at $2,345,000 after purchasing an additional 110 shares during the last quarter. Finally, TritonPoint Partners LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $376,000. 65.77% of the stock is owned by institutional investors.
Procter & Gamble Trading Up 0.5%
Shares of NYSE PG opened at $150.40 on Tuesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a market cap of $350.21 billion, a PE ratio of 21.99, a P/E/G ratio of 6.51 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $144.78 and a two-hundred day moving average of $147.72.
Procter & Gamble Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $1.0885 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is presently 63.60%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PG. Jefferies Financial Group cut their price target on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. BNP Paribas Exane cut their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Bank of America cut their price target on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.78.
Check Out Our Latest Stock Report on PG
Procter & Gamble 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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