Delphi Private Advisors LLC lowered its position in Procter & Gamble (NYSE:PG) by 36.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,924 shares of the company’s stock after selling 2,783 shares during the quarter. Procter & Gamble accounts for approximately 1.1% of Delphi Private Advisors LLC’s holdings, making the stock its 10th largest holding. Delphi Private Advisors LLC’s holdings in Procter & Gamble were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Truepoint Inc. grew its holdings in Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after buying an additional 26,584,514 shares during the last quarter. Capital Research Global Investors grew its holdings in Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after buying an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Procter & Gamble by 1,244.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after buying an additional 4,165,862 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Procter & Gamble by 60,483.0% during the 3rd quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock worth $220,392,000 after purchasing an additional 2,419,319 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.
Shares of PG opened at $78.61 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market capitalization of $197,571.08, a P/E ratio of 20.05, a PEG ratio of 2.49 and a beta of 0.56. Procter & Gamble has a twelve month low of $75.81 and a twelve month high of $94.67.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be given a $0.7172 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Thursday, April 19th. Procter & Gamble’s dividend payout ratio (DPR) is 70.41%.
In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 3,252 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $255,574.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The disclosure for this sale can be found here. Insiders sold a total of 114,011 shares of company stock worth $9,710,976 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.
A number of brokerages have weighed in on PG. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Morgan Stanley reduced their price target on Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 5th. Jefferies Group reissued a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a research note on Monday, December 18th. Bank of America reduced their price target on Procter & Gamble from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 12th. Finally, Barclays set a $84.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research note on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $85.52.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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