Gilbert & Cook Inc. decreased its stake in shares of Procter & Gamble Co (NYSE:PG) by 46.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,515 shares of the company’s stock after selling 3,023 shares during the period. Gilbert & Cook Inc.’s holdings in Procter & Gamble were worth $320,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Asset Planning Services Ltd. boosted its position in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Northwest Wealth Management LLC boosted its position in Procter & Gamble by 0.3% in the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock worth $223,000 after purchasing an additional 8 shares during the last quarter. Winfield Associates Inc. boosted its position in Procter & Gamble by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the last quarter. Cascade Investment Advisors Inc. boosted its position in Procter & Gamble by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after purchasing an additional 17 shares during the last quarter. Finally, Iron Financial LLC boosted its position in Procter & Gamble by 0.8% in the second quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock worth $291,000 after purchasing an additional 25 shares during the last quarter. 59.56% of the stock is currently owned by institutional investors.
Shares of Procter & Gamble Co (PG) opened at $89.61 on Friday. The stock has a market capitalization of $227,340.00, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. Procter & Gamble Co has a one year low of $83.37 and a one year high of $94.67.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.08%. Procter & Gamble’s payout ratio is presently 73.80%.
In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the sale, the insider now owns 57,191 shares in the company, valued at $5,100,293.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,575 shares of company stock worth $1,927,095. Corporate insiders own 0.35% of the company’s stock.
Several research firms have weighed in on PG. Vetr cut Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective on the stock. in a research report on Tuesday, November 7th. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley cut their price objective on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Jefferies Group reissued a “buy” rating and issued a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Finally, Deutsche Bank began coverage on Procter & Gamble in a research report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $89.31.
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Procter & Gamble 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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