Partnervest Advisory Services LLC lifted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 11.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,727 shares of the company’s stock after acquiring an additional 931 shares during the period. Partnervest Advisory Services LLC’s holdings in Procter & Gamble were worth $681,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Twin Tree Management LP bought a new position in Procter & Gamble during the 1st quarter valued at about $144,000. Marshall & Sullivan Inc. WA bought a new position in Procter & Gamble during the 2nd quarter valued at about $149,000. Clearwater Capital Advisors LLC bought a new position in Procter & Gamble during the 1st quarter valued at about $154,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Procter & Gamble by 296.5% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Clarus Wealth Advisors bought a new position in Procter & Gamble during the 2nd quarter valued at about $172,000. 58.54% of the stock is owned by institutional investors.
Shares of NYSE PG opened at $92.41 on Friday. The company has a market cap of $230.14 billion, a P/E ratio of 21.90, a PEG ratio of 2.99 and a beta of 0.37. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.14.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.
In related news, CEO David S. Taylor sold 63,113 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the completion of the transaction, the chief executive officer now owns 226,393 shares in the company, valued at $20,755,710.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Theresa Grabowski sold 16,712 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $91.35, for a total transaction of $1,526,641.20. Following the transaction, the insider now owns 6,715 shares of the company’s stock, valued at approximately $613,415.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,302 shares of company stock valued at $13,438,363. Corporate insiders own 1.84% of the company’s stock.
Several equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and set a $86.00 price target on shares of Procter & Gamble in a report on Friday. TD Securities reaffirmed a “hold” rating on shares of Procter & Gamble in a research note on Thursday. Bank of America boosted their target price on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $88.38.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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