Impact Partnership Wealth LLC grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 109.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,423 shares of the company’s stock after buying an additional 4,402 shares during the period. Impact Partnership Wealth LLC’s holdings in Procter & Gamble were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triodos Investment Management BV lifted its holdings in shares of Procter & Gamble by 7.3% during the 3rd 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 0.6% during the 3rd 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 in the last quarter. Strengthening Families & Communities LLC lifted its holdings in shares of Procter & Gamble by 820.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 14,803 shares of the company’s stock valued at $2,308,000 after purchasing an additional 13,195 shares in the last quarter. Heritage Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 32.7% during the 3rd quarter. Heritage Wealth Management Inc. now owns 150,814 shares of the company’s stock valued at $23,173,000 after purchasing an additional 37,198 shares in the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Procter & Gamble by 12.8% during the 4th 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 in the last quarter. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Down 1.6%
NYSE:PG opened at $143.60 on Friday. The firm has a market capitalization of $334.39 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 6.26 and a beta of 0.41. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.99. The stock’s 50 day moving average price is $144.41 and its two-hundred day moving average price is $147.89. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s payout ratio is presently 63.60%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on PG shares. Rothschild & Co Redburn cut their price objective on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Piper Sandler boosted their target price on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. 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. Finally, Royal Bank Of Canada cut their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.06.
Get Our Latest Stock Report on PG
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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