Pacer Advisors Inc. raised its position in Procter & Gamble Co (NYSE:PG) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,511 shares of the company’s stock after buying an additional 7,821 shares during the quarter. Procter & Gamble accounts for 0.7% of Pacer Advisors Inc.’s holdings, making the stock its 13th biggest holding. Pacer Advisors Inc.’s holdings in Procter & Gamble were worth $7,962,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Alpine Woods Capital Investors LLC grew its holdings in shares of Procter & Gamble by 26.4% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 36,336 shares of the company’s stock worth $3,306,000 after purchasing an additional 7,600 shares in the last quarter. Exencial Wealth Advisors LLC grew its holdings in shares of Procter & Gamble by 451.8% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 15,661 shares of the company’s stock worth $1,425,000 after purchasing an additional 12,823 shares in the last quarter. Sadoff Investment Management LLC grew its holdings in shares of Procter & Gamble by 0.5% during the 3rd quarter. Sadoff Investment Management LLC now owns 388,121 shares of the company’s stock worth $35,311,000 after purchasing an additional 1,961 shares in the last quarter. Edge Advisors LLC boosted its stake in Procter & Gamble by 16.2% in the third quarter. Edge Advisors LLC now owns 31,745 shares of the company’s stock valued at $2,886,000 after buying an additional 4,427 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in Procter & Gamble by 5.7% in the third quarter. AE Wealth Management LLC now owns 60,185 shares of the company’s stock valued at $5,476,000 after buying an additional 3,252 shares in the last quarter. 59.94% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Co (PG) opened at $80.22 on Friday. The stock has a market capitalization of $203,510.00, a P/E ratio of 21.39, a P/E/G ratio of 2.57 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. Procter & Gamble Co has a 1 year low of $80.10 and a 1 year high of $94.67.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a dividend of $0.6896 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.44%. Procter & Gamble’s dividend payout ratio (DPR) is currently 73.60%.
In related news, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the sale, the insider now directly owns 57,191 shares in the company, valued at $5,100,293.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction on Monday, November 20th. The stock was sold at an average price of $89.80, for a total value of $438,044.40. Following the sale, the insider now owns 25,429 shares in the company, valued at $2,283,524.20. The disclosure for this sale can be found here. Insiders have sold 75,981 shares of company stock worth $6,739,389 over the last quarter. 0.35% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on PG. Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective on the stock in a research note on Thursday, February 1st. Morgan Stanley raised their price objective on Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus raised their price objective on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Procter & Gamble has a consensus rating of “Buy” and an average target price of $88.38.
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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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