Tokio Marine Asset Management Co. Ltd. Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Tokio Marine Asset Management Co. Ltd. grew its stake in The Procter & Gamble Company (NYSE:PG) by 5.3% during the third quarter, Holdings Channel.com reports. The fund owned 64,606 shares of the company’s stock after acquiring an additional 3,268 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Procter & Gamble were worth $11,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Metis Global Partners LLC increased its position in Procter & Gamble by 1.0% in the 3rd quarter. Metis Global Partners LLC now owns 113,527 shares of the company’s stock valued at $19,663,000 after acquiring an additional 1,075 shares during the period. Curi RMB Capital LLC lifted its stake in Procter & Gamble by 20.3% in the 3rd quarter. Curi RMB Capital LLC now owns 21,655 shares of the company’s stock valued at $3,751,000 after buying an additional 3,652 shares in the last quarter. Planning Capital Management Corp boosted its stake in shares of Procter & Gamble by 9.8% during the third quarter. Planning Capital Management Corp now owns 27,296 shares of the company’s stock valued at $4,728,000 after acquiring an additional 2,425 shares during the last quarter. Zions Bancorporation N.A. raised its position in shares of Procter & Gamble by 8.7% in the third quarter. Zions Bancorporation N.A. now owns 4,971 shares of the company’s stock valued at $861,000 after buying an additional 399 shares during the last quarter. Finally, KBC Group NV increased its stake in Procter & Gamble by 2.8% in the third quarter. KBC Group NV now owns 2,664,452 shares of the company’s stock valued at $461,483,000 after purchasing an additional 73,354 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PG shares. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. DA Davidson upped their price target on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Trading Up 0.6 %

Shares of PG stock traded up $1.08 during mid-day trading on Thursday, reaching $167.66. The stock had a trading volume of 424,680 shares, compared to its average volume of 6,630,334. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $170.61 and its two-hundred day moving average price is $168.28. The firm has a market capitalization of $394.85 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 3.59 and a beta of 0.42. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. Equities analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now directly owns 263,537 shares in the company, valued at $44,508,763.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is owned by insiders.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.