The Procter & Gamble Company (NYSE:PG) Stock Holdings Reduced by PFG Investments LLC

PFG Investments LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,082 shares of the company’s stock after selling 3,669 shares during the period. Procter & Gamble accounts for 0.6% of PFG Investments LLC’s portfolio, making the stock its 23rd largest holding. PFG Investments LLC’s holdings in Procter & Gamble were worth $8,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Procter & Gamble during the fourth quarter worth approximately $3,956,117,000. Fisher Asset Management LLC grew its holdings in Procter & Gamble by 5.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,552,081 shares of the company’s stock valued at $1,546,302,000 after buying an additional 554,451 shares during the last quarter. Franklin Resources Inc. increased its position in Procter & Gamble by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock worth $1,402,636,000 after buying an additional 246,323 shares during the period. Sanders Capital LLC lifted its holdings in shares of Procter & Gamble by 3.3% during the fourth quarter. Sanders Capital LLC now owns 6,987,508 shares of the company’s stock worth $1,023,949,000 after buying an additional 223,798 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Procter & Gamble by 9.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company’s stock valued at $999,705,000 after acquiring an additional 545,601 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of research reports. Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. BNP Paribas started coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. Finally, Evercore ISI lifted their price target on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $175.79.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares in the company, valued at approximately $45,002,649.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the transaction, the chief executive officer now owns 263,158 shares in the company, valued at approximately $45,002,649.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,553 shares of company stock valued at $63,829,141. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $175.59 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $177.04. The business’s fifty day moving average is $168.26 and its 200-day moving average is $164.72. The company has a market cap of $414.42 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.