Milestones Private Investment Advisors LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) during the second quarter, Holdings Channel.com reports. The firm purchased 4,863 shares of the company’s stock, valued at approximately $775,000.
Several other hedge funds also recently modified their holdings of PG. Nova Wealth Management Inc. bought a new stake in Procter & Gamble in the first quarter valued at $26,000. Signature Resources Capital Management LLC increased its position in Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Quarry LP acquired a new position in Procter & Gamble during the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Procter & Gamble in the second quarter worth approximately $34,000. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $37,000. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Up 1.4%
PG opened at $142.77 on Monday. Procter & Gamble Company has a fifty-two week low of $138.14 and a fifty-two week high of $179.99. The firm has a market capitalization of $333.61 billion, a P/E ratio of 20.84, a PEG ratio of 4.80 and a beta of 0.39. The company’s 50-day moving average is $147.84 and its 200 day moving average is $154.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is currently 61.75%.
Analyst Ratings Changes
PG has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Barclays lowered their price objective on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a report on Monday, October 27th. Finally, BNP Paribas Exane cut their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.40.
Insider Transactions at Procter & Gamble
In related news, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the sale, the chief executive officer owned 61,764 shares in the company, valued at approximately $9,402,333.72. This trade represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andre Schulten sold 4,252 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the transaction, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 30,308 shares of company stock worth $4,611,852. Company insiders own 0.20% of the company’s stock.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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