Aptus Capital Advisors LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 287,770 shares of the company’s stock after selling 9,982 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Procter & Gamble were worth $41,240,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Triodos Investment Management BV increased its holdings in Procter & Gamble by 7.3% in the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock valued at $39,195,000 after purchasing an additional 17,400 shares during the last quarter. Vanguard Group Inc. increased its holdings in Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. Gradient Investments LLC increased 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 purchasing an additional 28,777 shares during the last quarter. Fiera Capital Corp increased its holdings in Procter & Gamble by 20.3% in the third quarter. Fiera Capital Corp now owns 53,128 shares of the company’s stock valued at $8,163,000 after purchasing an additional 8,961 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Procter & Gamble in the third quarter valued at about $3,776,000. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Up 0.8%
PG stock opened at $149.47 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $348.04 billion, a P/E ratio of 21.85, a P/E/G ratio of 6.51 and a beta of 0.39. The business has a 50-day moving average of $144.63 and a 200-day moving average of $147.70. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders 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 dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is currently 63.60%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on PG shares. Jefferies Financial Group dropped their price objective on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 20th. TD Cowen boosted their target price on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Morgan Stanley decreased their target price on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on Procter & Gamble from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.78.
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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