KLP Kapitalforvaltning AS bought a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 958,129 shares of the company's stock, valued at approximately $160,630,000. Procter & Gamble accounts for about 0.8% of KLP Kapitalforvaltning AS's holdings, making the stock its 16th largest holding.
A number of other institutional investors have also bought and sold shares of PG. Swedbank AB lifted its stake in Procter & Gamble by 3.9% in the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company's stock worth $260,432,000 after purchasing an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock worth $1,442,000 after buying an additional 82 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after buying an additional 608,168 shares during the last quarter. United Bank grew its holdings in Procter & Gamble by 1.7% during the 3rd quarter. United Bank now owns 13,367 shares of the company's stock valued at $2,315,000 after buying an additional 219 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Procter & Gamble in the 3rd quarter worth approximately $5,250,000. Hedge funds and other institutional investors own 65.77% of the company's stock.
Procter & Gamble Trading Down 1.7 %
Shares of NYSE:PG traded down $2.75 during trading on Tuesday, reaching $162.90. 8,365,995 shares of the company were exchanged, compared to its average volume of 6,474,168. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market capitalization of $381.98 billion, a PE ratio of 25.94, a P/E/G ratio of 3.76 and a beta of 0.41. The business's fifty day simple moving average is $168.17 and its 200-day simple moving average is $169.49. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the business posted $1.84 EPS. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's payout ratio is 64.01%.
Analyst Upgrades and Downgrades
PG has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Barclays boosted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.47.
Check Out Our Latest Stock Report on PG
Insider Buying and Selling at Procter & Gamble
In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company's stock.
Procter & Gamble Profile
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Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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