Sun Life Financial INC boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 933.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,208 shares of the company’s stock after purchasing an additional 18,252 shares during the quarter. Sun Life Financial INC’s holdings in Procter & Gamble were worth $1,577,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in PG. Franklin Resources Inc. raised its stake in shares of Procter & Gamble by 63.1% in the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after buying an additional 4,315,180 shares in the last quarter. C WorldWide Group Holding A S acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $113,258,000. Unigestion Holding SA acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $112,171,000. Schroder Investment Management Group raised its stake in shares of Procter & Gamble by 31.6% in the 1st quarter. Schroder Investment Management Group now owns 4,928,265 shares of the company’s stock valued at $390,712,000 after buying an additional 1,184,004 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its stake in shares of Procter & Gamble by 5,093.3% in the 1st quarter. Summit Trail Advisors LLC now owns 1,189,633 shares of the company’s stock valued at $1,190,000 after buying an additional 1,166,726 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 700 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $93.30, for a total transaction of $65,310.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider R. Alexandra Keith sold 1,463 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $89.89, for a total transaction of $131,509.07. Following the sale, the insider now directly owns 45,018 shares in the company, valued at approximately $4,046,668.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 502,432 shares of company stock worth $46,189,885. 1.84% of the stock is owned by insiders.
PG opened at $91.54 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $94.81. The stock has a market capitalization of $230.77 billion, a PE ratio of 21.69, a PEG ratio of 3.00 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The business had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Procter & Gamble Co will post 4.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s payout ratio is 68.01%.
A number of brokerages have recently issued reports on PG. Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Jefferies Financial Group restated a “hold” rating and issued a $86.00 price objective on shares of Procter & Gamble in a research note on Friday, November 9th. Deutsche Bank increased their price objective on shares of Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Wells Fargo & Co restated a “hold” rating on shares of Procter & Gamble in a research note on Tuesday, July 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $87.00 price objective on shares of Procter & Gamble in a research note on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.38.
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About Procter & Gamble
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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