Van Hulzen Asset Management LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 84.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,863 shares of the company’s stock after selling 83,282 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Procter & Gamble were worth $2,273,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. Triodos Investment Management BV grew its holdings in shares of Procter & Gamble by 7.3% in the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after purchasing an additional 17,400 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. Strengthening Families & Communities LLC grew its holdings in shares of Procter & Gamble by 820.6% in the third quarter. Strengthening Families & Communities LLC now owns 14,803 shares of the company’s stock worth $2,308,000 after purchasing an additional 13,195 shares during the last quarter. Heritage Wealth Management Inc. boosted its holdings in Procter & Gamble by 32.7% in the third quarter. Heritage Wealth Management Inc. now owns 150,814 shares of the company’s stock valued at $23,173,000 after acquiring an additional 37,198 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in Procter & Gamble by 12.8% in the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock valued at $36,270,000 after acquiring an additional 28,777 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock opened at $143.40 on Friday. 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 firm has a market capitalization of $333.93 billion, a P/E ratio of 20.97, a P/E/G ratio of 6.11 and a beta of 0.41. The business has a fifty day simple moving average of $145.11 and a two-hundred day simple moving average of $147.97. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.99.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a dividend of $1.0885 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is 63.60%.
Analysts Set New Price Targets
Several analysts recently weighed in on PG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. BNP Paribas Exane cut their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group cut their price target on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, TD Cowen lifted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.06.
Check Out Our Latest Report on Procter & Gamble
Insider Buying and Selling
In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 5,549 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the transaction, the chief executive officer owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.
Procter & Gamble Company 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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