Public Employees Retirement Association of Colorado Lowers Stake in Procter & Gamble Co (NYSE:PG)

Public Employees Retirement Association of Colorado lessened its stake in shares of Procter & Gamble Co (NYSE:PG) by 4.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 452,651 shares of the company’s stock after selling 23,521 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Procter & Gamble were worth $41,182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Planning Services Ltd. grew its stake in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble in the second quarter valued at $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble in the third quarter valued at $125,000. Blume Capital Management Inc. lifted its holdings in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after buying an additional 300 shares during the period. Finally, Winfield Associates Inc. lifted its holdings in Procter & Gamble by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after buying an additional 15 shares during the period. 59.65% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Juan Fernando Posada sold 4,878 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the sale, the insider now owns 25,429 shares in the company, valued at $2,283,524.20. The disclosure for this sale can be found here. Insiders have sold a total of 80,344 shares of company stock valued at $7,118,970 over the last three months. Insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Co (PG) traded down $1.60 during mid-day trading on Friday, reaching $84.25. 12,645,027 shares of the company’s stock were exchanged, compared to its average volume of 7,890,000. Procter & Gamble Co has a twelve month low of $84.21 and a twelve month high of $94.67. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The company has a market cap of $213,740.00, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.69 and a beta of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same period in the prior year, the firm posted $1.08 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts predict that Procter & Gamble Co will post 4.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 73.60%.

Several research firms recently issued reports on PG. Morgan Stanley dropped their target price on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. Royal Bank of Canada restated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective on the stock in a report on Thursday. Finally, Jefferies Group reissued a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $88.38.

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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.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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