Segall Bryant & Hamill LLC raised its position in Procter & Gamble Co (NYSE:PG) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,587 shares of the company’s stock after purchasing an additional 5,209 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Procter & Gamble were worth $13,609,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. BlackRock Inc. grew its holdings in Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after purchasing an additional 2,164,426 shares during the period. Trian Fund Management L.P. grew its holdings in Procter & Gamble by 2.4% during the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after purchasing an additional 893,157 shares during the period. Legal & General Group Plc grew its holdings in Procter & Gamble by 2.0% during the third quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock worth $1,269,884,000 after purchasing an additional 277,715 shares during the period. Finally, American Century Companies Inc. grew its holdings in Procter & Gamble by 8.1% during the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after purchasing an additional 934,179 shares during the period. 59.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Procter & Gamble Co (NYSE:PG) opened at $80.54 on Wednesday. Procter & Gamble Co has a 1-year low of $78.59 and a 1-year high of $94.67. The stock has a market capitalization of $203,040.00, a P/E ratio of 20.49, a PEG ratio of 2.53 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.42%. Procter & Gamble’s payout ratio is 70.23%.
In other news, insider Jeffrey K. Schomburger sold 37,776 shares of Procter & Gamble stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $81.37, for a total value of $3,073,833.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,406 shares of company stock valued at $9,270,479. 0.35% of the stock is owned by company insiders.
A number of equities analysts recently commented on PG shares. Deutsche Bank started coverage on Procter & Gamble in a report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Morgan Stanley lifted their price target on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, January 8th. Finally, Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a report on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Procter & Gamble currently has a consensus rating of “Buy” and an average target price of $88.11.
Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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