Shell Asset Management Co. raised its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 65.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 731,532 shares of the company’s stock after buying an additional 288,759 shares during the quarter. Procter & Gamble accounts for 1.0% of Shell Asset Management Co.’s portfolio, making the stock its 7th largest position. Shell Asset Management Co.’s holdings in Procter & Gamble were worth $61,258,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Capital Research Global Investors grew its holdings in Procter & Gamble by 74.2% during the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Procter & Gamble by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after acquiring an additional 4,165,862 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after acquiring an additional 4,066,266 shares during the last quarter. BlackRock Inc. grew its stake in shares of Procter & Gamble by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after acquiring an additional 2,164,426 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Procter & Gamble by 30.6% in the second quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock worth $553,334,000 after acquiring an additional 1,487,095 shares during the last quarter. 59.56% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on PG shares. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a research report on Monday, October 23rd. Jefferies Group reissued a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a report on Monday, December 18th. Bank of America lifted their price objective on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $89.31.
Shares of Procter & Gamble Company (NYSE PG) traded down $0.32 during mid-day trading on Thursday, reaching $90.15. The company had a trading volume of 5,470,000 shares, compared to its average volume of 6,470,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market capitalization of $228,710.00, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. Procter & Gamble Company has a 1 year low of $83.28 and a 1 year high of $94.67.
Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The company had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. analysts expect that Procter & Gamble Company will post 4.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.06%. Procter & Gamble’s dividend payout ratio is presently 73.80%.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 5,300 shares of the business’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 value of $472,654.00. Following the sale, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 approximately $7,438,065. The disclosure for this sale can be found here. Insiders sold a total of 21,575 shares of company stock valued at $1,927,095 over the last quarter. 0.35% of the stock is owned by insiders.
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Procter & Gamble 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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