Procter & Gamble Co (NYSE:PG) Shares Bought by Hexavest Inc.

Hexavest Inc. increased its stake in Procter & Gamble Co (NYSE:PG) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 859,589 shares of the company’s stock after buying an additional 10,969 shares during the period. Procter & Gamble comprises about 0.9% of Hexavest Inc.’s investment portfolio, making the stock its 23rd largest position. Hexavest Inc.’s holdings in Procter & Gamble were worth $78,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PG. Vanguard Group Inc. increased its stake in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares during the last quarter. BlackRock Inc. increased its stake in Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares during the last quarter. Trian Fund Management L.P. increased its stake in Procter & Gamble by 2.4% during the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after purchasing an additional 893,157 shares during the last quarter. Truepoint Inc. increased its stake in Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Procter & Gamble by 2.0% during the third quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after purchasing an additional 277,715 shares during the last quarter. Institutional investors and hedge funds own 60.98% of the company’s stock.

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Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a research note on Tuesday, January 16th. Barclays set a $84.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Thursday, March 15th. Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a research note on Thursday, February 1st. Finally, SunTrust Banks reiterated a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $86.07.

In related news, insider Kathleen B. Fish sold 10,192 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $86.97, for a total value of $886,398.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock valued at $9,710,976 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Shares of PG opened at $78.43 on Friday. Procter & Gamble Co has a 1 year low of $75.81 and a 1 year high of $94.67. The firm has a market cap of $199,285.36, a PE ratio of 20.01, a PEG ratio of 2.48 and a beta of 0.57. 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 (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. analysts anticipate that Procter & Gamble Co will post 4.18 earnings per share for the current year.

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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.

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

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