First Personal Financial Services increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,476 shares of the company’s stock after buying an additional 160 shares during the quarter. Procter & Gamble accounts for about 2.2% of First Personal Financial Services’ holdings, making the stock its 8th biggest holding. First Personal Financial Services’ holdings in Procter & Gamble were worth $7,149,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Procter & Gamble by 36.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,361 shares of the company’s stock worth $1,390,000 after purchasing an additional 3,536 shares during the period. Laurel Wealth Advisors Inc. lifted its position in Procter & Gamble by 3.4% in the first quarter. Laurel Wealth Advisors Inc. now owns 34,060 shares of the company’s stock worth $3,544,000 after purchasing an additional 1,107 shares during the period. Merit Financial Group LLC lifted its position in Procter & Gamble by 1.6% in the first quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock worth $632,000 after purchasing an additional 96 shares during the period. Horizon Investments LLC lifted its position in Procter & Gamble by 50.4% in the first quarter. Horizon Investments LLC now owns 17,364 shares of the company’s stock worth $1,794,000 after purchasing an additional 5,819 shares during the period. Finally, FMR LLC lifted its position in Procter & Gamble by 26.4% in the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after purchasing an additional 7,389,251 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.
Shares of NYSE:PG opened at $116.81 on Wednesday. Procter & Gamble Co has a twelve month low of $79.90 and a twelve month high of $125.36. The firm has a market cap of $303.04 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.51 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. The business has a fifty day moving average of $121.98 and a 200-day moving average of $113.02.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $0.7459 dividend. The ex-dividend date is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.55%. Procter & Gamble’s payout ratio is 65.93%.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 1,259 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total transaction of $151,533.24. Following the transaction, the vice president now owns 26,094 shares in the company, valued at $3,140,673.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 62,930 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $119.98, for a total value of $7,550,341.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 451,354 shares of company stock valued at $53,518,874. Corporate insiders own 1.75% of the company’s stock.
Several brokerages recently commented on PG. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Credit Suisse Group raised their target price on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and raised their target price for the stock from $114.00 to $125.00 in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $108.95.
About Procter & Gamble
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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