Sumitomo Mitsui Financial Group Inc. Lowers Stake in Procter & Gamble Co (PG)

Sumitomo Mitsui Financial Group Inc. trimmed its position in shares of Procter & Gamble Co (NYSE:PG) by 27.6% during the third quarter, HoldingsChannel.com reports. The firm owned 7,508 shares of the company’s stock after selling 2,861 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Procter & Gamble were worth $683,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Trillium Asset Management LLC raised its position in Procter & Gamble by 2.0% in the 2nd quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after buying an additional 3,387 shares during the last quarter. Barrett Asset Management LLC raised its position in Procter & Gamble by 3.3% in the 2nd quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock valued at $11,974,000 after buying an additional 4,325 shares during the last quarter. Aviva PLC raised its position in Procter & Gamble by 1.7% in the 2nd quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock valued at $158,162,000 after buying an additional 30,897 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Procter & Gamble by 1,094.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock valued at $67,025,000 after buying an additional 675,013 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in Procter & Gamble by 21.9% in the 3rd quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock valued at $686,000 after buying an additional 1,356 shares during the last quarter. 59.78% of the stock is currently owned by institutional investors.

Procter & Gamble Co (PG) opened at $82.60 on Monday. The stock has a market capitalization of $208,234.92, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble Co has a 12 month low of $78.59 and a 12 month high of $94.67.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. equities research analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.34%. Procter & Gamble’s payout ratio is 73.80%.

PG has been the subject of a number of analyst reports. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, January 8th. Goldman Sachs Group raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Tuesday, January 16th. Deutsche Bank initiated coverage on Procter & Gamble in a research report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price target for the company. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a research report on Monday, October 23rd. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $88.00 price target on shares of Procter & Gamble in a research report on Sunday, December 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $88.11.

In other news, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the completion of the transaction, the insider now owns 20,135 shares in the company, valued at approximately $1,794,229.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Juan Fernando Posada sold 9,005 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $82.09, for a total value of $739,220.45. The disclosure for this sale can be found here. Insiders have sold a total of 71,928 shares of company stock valued at $6,312,311 in the last quarter. 0.35% of the stock is owned by corporate insiders.

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About Procter & Gamble

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

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