Financial Architects Inc Has $1.13 Million Position in Procter & Gamble Co (NYSE:PG)
Financial Architects Inc lifted its stake in Procter & Gamble Co (NYSE:PG) by 18.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,253 shares of the company’s stock after acquiring an additional 1,630 shares during the period. Financial Architects Inc’s holdings in Procter & Gamble were worth $1,128,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Procter & Gamble by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock worth $5,161,642,000 after purchasing an additional 1,216,202 shares during the period. Norges Bank acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $3,338,757,000. Bank of New York Mellon Corp increased its stake in shares of Procter & Gamble by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 25,032,488 shares of the company’s stock valued at $2,753,574,000 after buying an additional 600,867 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Procter & Gamble by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,341,606 shares of the company’s stock valued at $1,916,167,000 after buying an additional 305,661 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Procter & Gamble by 6.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,083,885 shares of the company’s stock valued at $1,219,227,000 after buying an additional 666,406 shares in the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.
Shares of PG stock traded up $0.80 during trading on Friday, reaching $114.61. 10,694,802 shares of the company’s stock were exchanged, compared to its average volume of 10,419,876. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $287.05 billion, a PE ratio of 64.75, a PEG ratio of 3.26 and a beta of 0.44. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $128.09. The firm’s fifty day moving average price is $115.71 and its 200-day moving average price is $120.53.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.76%. 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. Procter & Gamble’s dividend payout ratio is currently 69.91%.
In other news, insider Deborah P. Majoras sold 12,589 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $122.68, for a total transaction of $1,544,418.52. Following the completion of the sale, the insider now directly owns 44,948 shares in the company, valued at approximately $5,514,220.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 7,360 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $120.00, for a total value of $883,200.00. Following the sale, the chief executive officer now owns 44,746 shares of the company’s stock, valued at $5,369,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,802,488 shares of company stock worth $1,048,532,939. Insiders own 1.75% of the company’s stock.
PG has been the subject of several analyst reports. Bank of America restated a “buy” rating and set a $135.00 target price on shares of Procter & Gamble in a research report on Saturday, April 18th. Citigroup boosted their target price on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Argus upgraded 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. Stifel Nicolaus boosted their target price on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and cut their target price for the company from $130.00 to $128.00 in a research note on Monday, March 30th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $130.31.
Procter & Gamble Company 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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