Skandinaviska Enskilda Banken AB publ Grows Position in Procter & Gamble Co (PG)

Skandinaviska Enskilda Banken AB publ increased its holdings in Procter & Gamble Co (NYSE:PG) by 46.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,788 shares of the company’s stock after purchasing an additional 221,449 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Procter & Gamble were worth $63,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Trillium Asset Management LLC raised its holdings in shares of Procter & Gamble by 2.0% during the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after acquiring an additional 3,387 shares during the period. Barrett Asset Management LLC raised its holdings in shares of Procter & Gamble by 3.3% during the second quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock valued at $11,974,000 after acquiring an additional 4,325 shares during the period. Aviva PLC raised its holdings in shares of Procter & Gamble by 1.7% during the second quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock valued at $158,162,000 after acquiring an additional 30,897 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Procter & Gamble by 1,094.3% during the third quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock valued at $67,025,000 after acquiring an additional 675,013 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in shares of Procter & Gamble by 21.9% during the third quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock valued at $686,000 after acquiring an additional 1,356 shares during the period. Institutional investors and hedge funds own 59.78% of the company’s stock.

Procter & Gamble Co (NYSE:PG) opened at $80.24 on Thursday. The firm has a market cap of $205,058.45, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.54 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 released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. equities research analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were given a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is 73.80%.

A number of research firms have recently issued reports on PG. Vetr lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target on the stock. in a report on Tuesday, November 7th. Goldman Sachs Group upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target on the stock in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Jefferies Group restated a “buy” rating and set a $88.23 price target (down previously from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Finally, SunTrust Banks restated a “hold” rating and set a $90.00 price target on shares of Procter & Gamble in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Procter & Gamble presently has a consensus rating of “Buy” and an average target price of $88.11.

In other Procter & Gamble news, insider Juan Fernando Posada sold 9,005 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $82.09, for a total value of $739,220.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathleen B. Fish sold 10,192 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total transaction of $886,398.24. The disclosure for this sale can be found here. Insiders sold 71,928 shares of company stock valued at $6,312,311 over the last three months. Insiders own 0.35% of the company’s stock.

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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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