Integrated Advisors Network LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 22.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,841 shares of the company’s stock after purchasing an additional 9,522 shares during the period. Integrated Advisors Network LLC’s holdings in Procter & Gamble were worth $7,488,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in PG. Gradient Investments LLC increased its holdings in Procter & Gamble by 12.8% in the 4th quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock valued at $36,270,000 after acquiring an additional 28,777 shares during the last quarter. Cibc World Market Inc. boosted its stake in Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after buying an additional 147,701 shares during the period. World Investment Advisors raised its position in Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after purchasing an additional 14,492 shares during the period. Bell Asset Management Ltd purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $5,054,000. Finally, Distillate Capital Partners LLC increased its stake in Procter & Gamble by 12.9% in the third quarter. Distillate Capital Partners LLC now owns 255,447 shares of the company’s stock worth $39,255,000 after purchasing an additional 29,254 shares during the period. 65.77% of the stock is currently owned by institutional investors.
Procter & Gamble Stock Up 2.5%
Procter & Gamble stock opened at $153.04 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm has a market cap of $356.38 billion, a P/E ratio of 22.38, a P/E/G ratio of 6.44 and a beta of 0.39. The business has a fifty day moving average of $146.45 and a two-hundred day moving average of $148.27. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.
Procter & Gamble Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, April 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.
Analyst Ratings Changes
PG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. BMO Capital Markets lifted their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Morgan Stanley dropped their price objective on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $161.47.
Read Our Latest Stock Analysis on Procter & Gamble
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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