Clayton Financial Group LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,918 shares of the company’s stock, valued at approximately $756,000. Procter & Gamble makes up about 0.6% of Clayton Financial Group LLC’s portfolio, making the stock its 23rd biggest holding.
Other large investors have also recently added to or reduced their stakes in the company. MOKAN Wealth Management Inc. boosted its position in Procter & Gamble by 13.7% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock worth $2,442,000 after acquiring an additional 1,846 shares during the last quarter. Czech National Bank lifted its position in shares of Procter & Gamble by 3.8% in the third quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after purchasing an additional 21,825 shares in the last quarter. Vega Investment Solutions boosted its holdings in Procter & Gamble by 1.3% during the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after purchasing an additional 8,500 shares during the last quarter. Westerkirk Capital Inc. bought a new position in Procter & Gamble in the second quarter valued at $4,796,000. Finally, Caliber Wealth Management LLC KS increased its stake in Procter & Gamble by 36.2% in the 2nd quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock valued at $2,836,000 after buying an additional 4,730 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $144.53 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $337.72 billion, a P/E ratio of 21.10, a P/E/G ratio of 4.87 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $138.14 and a 12 month high of $179.99. The stock has a 50 day moving average of $146.94 and a 200-day moving average of $152.97.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is presently 61.75%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on PG. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Raymond James Financial reduced their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday. BNP Paribas Exane cut their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Finally, Bank of America lowered their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.38.
Get Our Latest Research Report on PG
Insider Buying and Selling at Procter & Gamble
In other news, CEO Jennifer L. Davis sold 3,227 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $491,246.21. Following the transaction, the chief executive officer owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 2,408 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $366,569.84. Following the transaction, the insider owned 31,770 shares in the company, valued at approximately $4,836,347.10. This trade represents a 7.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,308 shares of company stock worth $4,611,852 in the last ninety days. Insiders own 0.20% of the company’s stock.
Procter & Gamble Company Profile
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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