Integrated Advisors Network LLC trimmed its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,628 shares of the company’s stock after selling 3,095 shares during the period. Integrated Advisors Network LLC’s holdings in Procter & Gamble were worth $6,550,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in PG. WP Advisors LLC increased its stake in Procter & Gamble by 4.9% during the second quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock valued at $224,000 after acquiring an additional 66 shares during the period. Emprise Bank increased its position in shares of Procter & Gamble by 2.5% during the third quarter. Emprise Bank now owns 2,766 shares of the company’s stock valued at $425,000 after purchasing an additional 68 shares during the period. Affiance Financial LLC increased its position in shares of Procter & Gamble by 2.5% during the third quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock valued at $431,000 after purchasing an additional 69 shares during the period. Vermillion & White Wealth Management Group LLC raised its stake in shares of Procter & Gamble by 12.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 621 shares of the company’s stock valued at $99,000 after purchasing an additional 71 shares in the last quarter. Finally, Dominguez Wealth Management Solutions Inc. lifted its position in Procter & Gamble by 0.3% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock worth $3,144,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble stock opened at $163.67 on Friday. The business’s fifty day moving average is $150.50 and its two-hundred day moving average is $151.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The firm has a market cap of $380.37 billion, a P/E ratio of 24.25, a P/E/G ratio of 5.46 and a beta of 0.38. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is presently 62.67%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and boosted their price target for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Piper Sandler initiated coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Tuesday, February 17th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $168.33.
Check Out Our Latest Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In other news, insider Susan Street Whaley sold 1,809 shares of Procter & Gamble stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the sale, the insider directly owned 30,215 shares of the company’s stock, valued at approximately $4,818,083.90. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares in the company, valued at $2,026,158.09. This trade represents a 50.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 343,069 shares of company stock valued at $54,545,448 over the last three months. Insiders own 0.20% of the company’s stock.
About Procter & Gamble
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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