BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,619,539 shares of the company’s stock after selling 48,431 shares during the quarter. Procter & Gamble comprises 1.1% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s investment portfolio, making the stock its 9th biggest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Procter & Gamble worth $141,143,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. grew its holdings in shares of Procter & Gamble by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. Winfield Associates Inc. grew its holdings in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Procter & Gamble during the first quarter worth about $201,000. Security National Bank of SO Dak bought a new stake in shares of Procter & Gamble during the first quarter worth about $206,000. Finally, Proficio Capital Partners LLC grew its holdings in shares of Procter & Gamble by 85.5% during the first quarter. Proficio Capital Partners LLC now owns 2,506 shares of the company’s stock worth $217,000 after purchasing an additional 1,155 shares during the last quarter. 59.54% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. Jefferies Group reaffirmed a “buy” rating and issued a $92.44 price objective (down from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. Vetr raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a research note on Friday, September 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Procter & Gamble in a research note on Wednesday, September 6th. Morgan Stanley dropped their price target on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. Finally, Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and an average target price of $87.81.
In related news, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the transaction, the insider now directly owns 57,191 shares in the company, valued at approximately $5,100,293.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now owns 85,495 shares in the company, valued at $7,438,065. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock worth $1,927,095 over the last quarter. Corporate insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble Company (NYSE:PG) traded up $1.05 on Monday, reaching $91.41. The company had a trading volume of 9,003,692 shares, compared to its average volume of 7,377,933. The stock has a market cap of $231,900.00, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. Procter & Gamble Company has a twelve month low of $82.48 and a twelve month high of $94.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. research analysts predict that Procter & Gamble Company will post 4.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.02%. Procter & Gamble’s payout ratio is currently 73.80%.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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