Generali Asset Management SPA SGR increased its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,222 shares of the company’s stock after purchasing an additional 3,842 shares during the period. Procter & Gamble accounts for about 0.6% of Generali Asset Management SPA SGR’s holdings, making the stock its 28th biggest holding. Generali Asset Management SPA SGR’s holdings in Procter & Gamble were worth $29,996,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at approximately $25,000. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble during the first quarter worth $26,000. Signature Resources Capital Management LLC raised its position in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. Quarry LP acquired a new position in shares of Procter & Gamble in the 1st quarter valued at $33,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in shares of Procter & Gamble during the 2nd quarter worth $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Trading Down 0.5%
NYSE PG opened at $143.33 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $334.92 billion, a P/E ratio of 20.92, a P/E/G ratio of 4.83 and a beta of 0.39. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99. The firm has a 50-day moving average price of $146.16 and a 200 day moving average price of $152.34.
Procter & Gamble Announces Dividend
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 was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 61.61%.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the sale, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on PG shares. UBS Group decreased their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Berenberg Bank upped their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research note on Monday, October 27th. BNP Paribas Exane dropped their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.
Get Our Latest Analysis on Procter & Gamble
About Procter & Gamble
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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