Cambridge Investment Research Advisors Inc. raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734,960 shares of the company’s stock after purchasing an additional 33,480 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Procter & Gamble were worth $105,327,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of PG. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares during the period. Taylor Financial Group Inc. increased its stake in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after acquiring an additional 1,016 shares during the period. Auxano Advisors LLC increased its stake in shares of Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. increased its stake in shares of Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after acquiring an additional 809 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Down 0.7%
PG stock opened at $141.68 on Friday. The firm has a market cap of $329.91 billion, a PE ratio of 20.71, a P/E/G ratio of 6.07 and a beta of 0.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. The firm’s fifty day moving average is $146.10 and its 200 day moving average is $148.21. Procter & Gamble Company has a one year low of $137.62 and a one year high of $170.99.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 3.1%. Procter & Gamble’s payout ratio is 63.60%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. UBS Group increased their price objective on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada cut their price objective on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Bank of America cut their price objective on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Rothschild & Co Redburn dropped their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.06.
Read Our Latest Research Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the transaction, the insider directly owned 30,215 shares of the company’s stock, valued at $4,818,083.90. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer directly owned 1,029 shares in the company, valued at approximately $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.
Procter & Gamble 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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