SG Trading Solutions LLC purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 12,760 shares of the company’s stock, valued at approximately $1,829,000.
Several other hedge funds also recently bought and sold shares of the company. Carson Advisory Inc. lifted its stake in Procter & Gamble by 0.5% in the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after purchasing an additional 65 shares in the last quarter. Trilogy Capital Inc. increased its holdings in shares of Procter & Gamble by 1.1% in the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after purchasing an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Procter & Gamble by 1.8% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after purchasing an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. raised its position in shares of Procter & Gamble by 2.7% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after buying an additional 68 shares in the last quarter. Finally, Grant Street Asset Management Inc. boosted its stake in Procter & Gamble by 2.7% during the fourth quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble Price Performance
PG opened at $150.85 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 stock has a market capitalization of $351.26 billion, a P/E ratio of 22.05, a PEG ratio of 6.55 and a beta of 0.39. The stock has a 50-day moving average price of $145.31 and a 200-day moving average price of $147.78. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on PG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. BNP Paribas Exane dropped their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Evercore set a $162.00 price objective on Procter & Gamble in a report on Monday, April 27th. Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Bank of America cut their price target on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.78.
Check Out Our Latest Research Report on PG
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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