The Procter & Gamble Company (NYSE:PG) Holdings Boosted by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,523 shares of the company’s stock after acquiring an additional 248 shares during the quarter. Procter & Gamble makes up 1.6% of Mitchell & Pahl Private Wealth LLC’s investment portfolio, making the stock its 5th largest position. Mitchell & Pahl Private Wealth LLC’s holdings in Procter & Gamble were worth $3,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Procter & Gamble by 19,030.8% in the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock worth $639,730,000 after buying an additional 3,674,286 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after buying an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after buying an additional 1,760,214 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Procter & Gamble in the third quarter worth about $301,950,000. Finally, AMF Tjanstepension AB lifted its stake in shares of Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after buying an additional 1,466,115 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.4 %

Shares of Procter & Gamble stock opened at $161.77 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The company has a market capitalization of $380.96 billion, a P/E ratio of 27.89, a P/E/G ratio of 3.63 and a beta of 0.45. The company has a 50 day moving average of $169.09 and a 200 day moving average of $169.44.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. JPMorgan Chase & Co. cut their price objective 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. Barclays cut their price objective on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Finally, Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.65.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,447 shares of company stock valued at $12,978,820. Insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.