WESPAC Advisors SoCal LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,886 shares of the company’s stock after selling 3,731 shares during the period. Procter & Gamble comprises 1.5% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 28th biggest holding. WESPAC Advisors SoCal LLC’s holdings in Procter & Gamble were worth $7,204,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. MOKAN Wealth Management Inc. boosted its position in Procter & Gamble by 13.7% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after buying an additional 1,846 shares during the period. Czech National Bank increased its holdings in Procter & Gamble by 3.8% during the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after purchasing an additional 21,825 shares during the period. Vega Investment Solutions lifted its holdings in shares of Procter & Gamble by 1.3% in the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after buying an additional 8,500 shares during the period. Westerkirk Capital Inc. bought a new position in shares of Procter & Gamble during the 2nd quarter worth $4,796,000. Finally, Caliber Wealth Management LLC KS increased its stake in shares of Procter & Gamble by 36.2% during the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock valued at $2,836,000 after buying an additional 4,730 shares during the period. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Price Performance
NYSE PG opened at $141.77 on Monday. The firm’s fifty day simple moving average is $145.94 and its two-hundred day simple moving average is $152.12. The firm has a market capitalization of $331.29 billion, a P/E ratio of 20.70, a P/E/G ratio of 4.78 and a beta of 0.39. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s payout ratio is currently 61.61%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on PG. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Raymond James Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.38.
Check Out Our Latest Report on Procter & Gamble
Insider Transactions at Procter & Gamble
In other news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the sale, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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