Robeco Institutional Asset Management B.V. trimmed its position in shares of Procter & Gamble Co (NYSE:PG) by 2.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,638,365 shares of the company’s stock after selling 79,508 shares during the quarter. Procter & Gamble accounts for approximately 1.0% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 12th biggest position. Robeco Institutional Asset Management B.V. owned 0.10% of Procter & Gamble worth $205,951,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PG. Twin Tree Management LP acquired a new stake in Procter & Gamble in the 1st quarter valued at about $144,000. Marshall & Sullivan Inc. WA acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $149,000. Clearwater Capital Advisors LLC acquired a new stake in Procter & Gamble in the 1st quarter valued at about $154,000. Corbyn Investment Management Inc. MD acquired a new stake in Procter & Gamble in the 1st quarter valued at about $157,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock valued at $162,000 after purchasing an additional 1,524 shares in the last quarter. Institutional investors own 58.54% of the company’s stock.
A number of equities research analysts have issued reports on the company. Wells Fargo & Co increased their price target on Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. UBS Group set a $82.00 price target on Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, October 17th. SunTrust Banks increased their price target on Procter & Gamble to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Jefferies Financial Group lowered Procter & Gamble to a “hold” rating and set a $79.00 price target on the stock. in a research report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Procter & Gamble in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have issued 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 target price of $87.66.
Shares of NYSE PG opened at $89.81 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $93.14. The stock has a market cap of $223.56 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Co will post 4.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be given a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
In related news, insider Kathleen B. Fish sold 599 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total transaction of $50,004.52. Following the transaction, the insider now owns 38,655 shares in the company, valued at approximately $3,226,919.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Price Matthew sold 11,626 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $82.00, for a total value of $953,332.00. Following the transaction, the insider now owns 27,496 shares in the company, valued at approximately $2,254,672. The disclosure for this sale can be found here. Insiders have sold a total of 83,640 shares of company stock worth $6,947,345 in the last three months. Corporate insiders own 1.84% of the company’s stock.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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