The Procter & Gamble Company (NYSE:PG) Shares Acquired by Capital International Inc. CA

Capital International Inc. CA increased its stake in The Procter & Gamble Company (NYSE:PG) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,679 shares of the company’s stock after acquiring an additional 6,908 shares during the period. Capital International Inc. CA’s holdings in Procter & Gamble were worth $6,762,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sheaff Brock Investment Advisors LLC boosted its position in shares of Procter & Gamble by 1.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 75,072 shares of the company’s stock worth $12,180,000 after acquiring an additional 800 shares during the last quarter. Rodgers Brothers Inc. boosted its position in shares of Procter & Gamble by 0.8% in the first quarter. Rodgers Brothers Inc. now owns 122,267 shares of the company’s stock worth $19,838,000 after acquiring an additional 998 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Procter & Gamble by 2.2% during the first quarter. EP Wealth Advisors LLC now owns 80,470 shares of the company’s stock valued at $13,056,000 after buying an additional 1,698 shares in the last quarter. Wellington Wealth Strategies LLC. acquired a new position in Procter & Gamble during the first quarter valued at approximately $1,645,000. Finally, Freestone Capital Holdings LLC lifted its position in Procter & Gamble by 2.7% during the first quarter. Freestone Capital Holdings LLC now owns 69,754 shares of the company’s stock valued at $11,318,000 after buying an additional 1,828 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of PG traded up $2.25 during midday trading on Friday, hitting $169.15. 5,580,981 shares of the stock traded hands, compared to its average volume of 6,492,430. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $170.92. The firm has a market capitalization of $399.22 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 3.15 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The business’s 50 day moving average price is $166.40 and its two-hundred day moving average price is $161.51.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. TD Cowen initiated coverage on shares of Procter & Gamble in a research report on Tuesday. They set a “buy” rating and a $189.00 price target on the stock. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Barclays lifted their price target on shares of Procter & Gamble from $170.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the company from $182.00 to $175.00 in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.29.

Insider Buying and Selling

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 21,388 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total value of $3,528,592.24. Following the sale, the chief executive officer now directly owns 36,854 shares in the company, valued at $6,080,172.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 125,320 shares of company stock valued at $20,696,223 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.