Aull & Monroe Investment Management Corp trimmed its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,724 shares of the company’s stock after selling 4,173 shares during the period. Procter & Gamble makes up approximately 2.4% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 11th biggest holding. Aull & Monroe Investment Management Corp’s holdings in Procter & Gamble were worth $4,417,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. MOKAN Wealth Management Inc. raised its holdings in Procter & Gamble by 13.7% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock worth $2,442,000 after buying an additional 1,846 shares during the period. Benjamin Edwards Inc. raised its holdings in Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock worth $62,098,000 after buying an additional 199,258 shares during the period. Capital Investment Advisory Services LLC raised its holdings in Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after buying an additional 4,562 shares during the period. World Investment Advisors raised its holdings in Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after buying an additional 2,886 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in Procter & Gamble by 26.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock worth $20,451,000 after buying an additional 25,059 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Price Performance
NYSE:PG opened at $151.53 on Friday. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $154.92 and a 200 day simple moving average of $158.77. The stock has a market capitalization of $354.66 billion, a PE ratio of 23.28, a P/E/G ratio of 4.02 and a beta of 0.36.
Procter & Gamble Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.
Insiders Place Their Bets
In related news, CEO Jon R. Moeller sold 40,119 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock valued at $23,421,279 in the last ninety days. 0.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
PG has been the topic of several research analyst reports. Bank of America dropped their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Barclays decreased their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.21.
Check Out Our Latest Research Report on PG
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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