Wiley BROS. Aintree Capital LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 159.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,225 shares of the company’s stock after acquiring an additional 8,125 shares during the quarter. Procter & Gamble comprises about 1.5% of Wiley BROS. Aintree Capital LLC’s investment portfolio, making the stock its 14th biggest position. Wiley BROS. Aintree Capital LLC’s holdings in Procter & Gamble were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in Procter & Gamble by 1.2% during the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after acquiring an additional 1,785,863 shares during the last quarter. State Street Corp increased its stake in Procter & Gamble by 1.7% during the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after acquiring an additional 1,716,517 shares during the last quarter. Geode Capital Management LLC increased its stake in Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after acquiring an additional 972,826 shares during the last quarter. Morgan Stanley grew its stake in shares of Procter & Gamble by 5.0% during the second quarter. Morgan Stanley now owns 34,500,719 shares of the company’s stock valued at $4,655,181,000 after buying an additional 1,632,893 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $3,726,603,000. 63.64% of the stock is currently owned by institutional investors.
Procter & Gamble stock opened at $136.37 on Wednesday. The business has a fifty day moving average of $150.09 and a two-hundred day moving average of $154.56. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The firm has a market cap of $327.19 billion, a P/E ratio of 23.80, a P/E/G ratio of 3.74 and a beta of 0.40. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35.
The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were issued a dividend of $0.9133 per share. The ex-dividend date was Thursday, April 21st. This represents a $3.65 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio is currently 63.70%.
In other news, CAO Matthew W. Janzaruk sold 334 shares of the stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total transaction of $54,251.62. Following the completion of the sale, the chief accounting officer now owns 1,220 shares in the company, valued at approximately $198,164.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $164.52, for a total value of $9,871,200.00. Following the sale, the chairman now owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is owned by company insiders.
A number of research analysts have recently commented on PG shares. Evercore ISI set a $170.00 target price on Procter & Gamble in a research note on Monday. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. JPMorgan Chase & Co. cut Procter & Gamble from an “overweight” rating to a “neutral” rating and cut their target price for the company from $181.00 to $165.00 in a research note on Wednesday, March 30th. Jefferies Financial Group upped their target price on Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. Finally, Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $175.00 in a research note on Tuesday, March 22nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.80.
Procter & Gamble Company Profile (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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