Aptus Capital Advisors LLC Sells 640 Shares of Procter & Gamble Co (NYSE:PG)
Aptus Capital Advisors LLC lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 7.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,438 shares of the company’s stock after selling 640 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Procter & Gamble were worth $818,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co lifted its holdings in Procter & Gamble by 10.6% in the first quarter. WASHINGTON TRUST Co now owns 130,502 shares of the company’s stock valued at $14,355,000 after buying an additional 12,461 shares during the period. Private Capital Group LLC raised its position in shares of Procter & Gamble by 20.2% in the 1st quarter. Private Capital Group LLC now owns 16,288 shares of the company’s stock worth $1,792,000 after acquiring an additional 2,740 shares in the last quarter. Trustcore Financial Services LLC raised its position in shares of Procter & Gamble by 46.2% in the 1st quarter. Trustcore Financial Services LLC now owns 18,373 shares of the company’s stock worth $2,021,000 after acquiring an additional 5,806 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its stake in shares of Procter & Gamble by 8.9% in the 1st quarter. BOK Financial Private Wealth Inc. now owns 4,480 shares of the company’s stock valued at $493,000 after purchasing an additional 366 shares during the period. Finally, Brooktree Capital Management boosted its position in shares of Procter & Gamble by 0.7% during the 1st quarter. Brooktree Capital Management now owns 23,030 shares of the company’s stock valued at $2,533,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 64.03% of the company’s stock.
Shares of PG opened at $114.61 on Friday. The firm has a market capitalization of $287.05 billion, a P/E ratio of 64.75, a P/E/G ratio of 3.26 and a beta of 0.44. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $128.09. The stock has a 50 day moving average price of $115.71 and a two-hundred day moving average price of $120.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 0.83.
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a $0.7907 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.16 annualized dividend and a dividend yield of 2.76%. Procter & Gamble’s dividend payout ratio is presently 69.91%.
Several equities analysts have issued reports on PG shares. Royal Bank of Canada reissued a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a research note on Tuesday, April 14th. Bank of America reiterated a “buy” rating and set a $135.00 target price on shares of Procter & Gamble in a research report on Saturday, April 18th. Berenberg Bank reissued a “hold” rating and set a $130.00 target price on shares of Procter & Gamble in a research note on Friday, January 24th. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b” rating in a research note on Tuesday, April 14th. Finally, Argus upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, March 26th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $130.31.
In related news, VP Valarie L. Sheppard sold 25,600 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $119.50, for a total transaction of $3,059,200.00. Following the completion of the sale, the vice president now directly owns 50,598 shares of the company’s stock, valued at $6,046,461. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deborah P. Majoras sold 12,589 shares of Procter & Gamble stock in a transaction on Monday, April 20th. The stock was sold at an average price of $122.68, for a total value of $1,544,418.52. Following the sale, the insider now owns 44,948 shares in the company, valued at $5,514,220.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,802,488 shares of company stock valued at $1,048,532,939. 1.75% of the stock is currently owned by corporate insiders.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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