Amundi boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 3.8% in the fourth quarter, HoldingsChannel reports. The fund owned 8,894,300 shares of the company’s stock after acquiring an additional 325,613 shares during the period. Amundi’s holdings in Procter & Gamble were worth $1,441,766,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of PG. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Procter & Gamble by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 55,592 shares of the company’s stock valued at $9,320,000 after purchasing an additional 3,008 shares during the last quarter. Naviter Wealth LLC grew its position in Procter & Gamble by 2.0% during the fourth quarter. Naviter Wealth LLC now owns 19,628 shares of the company’s stock valued at $3,291,000 after buying an additional 393 shares during the period. Marble Harbor Investment Counsel LLC grew its position in Procter & Gamble by 3.9% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 163,227 shares of the company’s stock valued at $27,365,000 after buying an additional 6,088 shares during the period. Rialto Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $214,000. Finally, Hamilton Capital Partners LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $247,000. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock opened at $176.06 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a market cap of $412.84 billion, a PE ratio of 28.04, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business has a 50-day simple moving average of $166.85 and a 200-day simple moving average of $169.77.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Barclays upped their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.11.
Check Out Our Latest Report on PG
Insider Activity
In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by company insiders.
Procter & Gamble Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
Featured Stories
- Five stocks we like better than Procter & Gamble
- How to Most Effectively Use the MarketBeat Earnings Screener
- Is Myers Industries Poised for a Breakout?
- What is the Nasdaq? Complete Overview with History
- Is BigBear.ai’s 25% Plunge a False Alarm or Fire Sale?
- How to invest in marijuana stocks in 7 stepsĀ
- Broadcom Confirmed Its AI Outlook: Stock to Hit New Highs Soon
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.