Sandhill Capital Partners LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 39,708 shares of the company’s stock after acquiring an additional 341 shares during the quarter. Procter & Gamble accounts for 0.6% of Sandhill Capital Partners LLC’s portfolio, making the stock its 28th biggest position. Sandhill Capital Partners LLC’s holdings in Procter & Gamble were worth $6,767,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Cladis Investment Advisory LLC increased its position in shares of Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after purchasing an additional 236 shares during the last quarter. FAS Wealth Partners Inc. grew its position in Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after buying an additional 549 shares during the period. Benjamin Edwards Inc. increased its holdings in Procter & Gamble by 120.7% during the first 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 last quarter. Capital Investment Advisory Services LLC increased its holdings in Procter & Gamble by 13.8% during the first 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 last quarter. Finally, World Investment Advisors raised its position in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after acquiring an additional 2,886 shares during the period. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Stock Performance
NYSE PG opened at $158.3090 on Wednesday. The company’s 50 day simple moving average is $156.97 and its two-hundred day simple moving average is $163.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The stock has a market capitalization of $370.82 billion, a PE ratio of 24.32, a P/E/G ratio of 4.11 and a beta of 0.37.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Raymond James Financial cut their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Finally, Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $175.94.
Read Our Latest Report on Procter & Gamble
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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