Banco Santander S.A. cut its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,441 shares of the company's stock after selling 7,803 shares during the period. Banco Santander S.A.'s holdings in Procter & Gamble were worth $29,520,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its position in shares of Procter & Gamble by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after buying an additional 122,190 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Procter & Gamble by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company's stock valued at $1,598,510,000 after buying an additional 733,440 shares in the last quarter. Swiss National Bank raised its position in shares of Procter & Gamble by 0.6% in the 3rd quarter. Swiss National Bank now owns 7,005,790 shares of the company's stock valued at $1,213,403,000 after purchasing an additional 39,000 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Procter & Gamble by 1.3% during the first quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock worth $974,914,000 after buying an additional 79,665 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Procter & Gamble by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,716,799 shares of the company's stock worth $990,150,000 after acquiring an additional 72,851 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Procter & Gamble news, CEO Jon R. Moeller sold 87,979 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.40, for a total value of $14,991,621.60. Following the transaction, the chief executive officer now directly owns 300,777 shares of the company's stock, valued at approximately $51,252,400.80. The trade was a 22.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,727 shares of company stock valued at $29,694,037. Insiders own 0.18% of the company's stock.
Procter & Gamble Price Performance
Procter & Gamble stock traded up $1.79 on Thursday, reaching $172.68. The company's stock had a trading volume of 4,184,109 shares, compared to its average volume of 6,672,316. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The company has a market cap of $406.67 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 3.69 and a beta of 0.42. The business's fifty day moving average price is $170.00 and its 200 day moving average price is $168.54.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were given a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble's payout ratio is 69.48%.
Wall Street Analysts Forecast Growth
PG has been the subject of several recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Evercore ISI upped their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Wolfe Research raised Procter & Gamble to a "strong-buy" rating in a report on Friday, August 23rd. DZ Bank raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Thursday, August 29th. Finally, Barclays lowered Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price objective on the stock. in a research note on Monday, September 30th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $177.00.
Check Out Our Latest Report on Procter & Gamble
Procter & Gamble Company Profile
(
Free Report)
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.
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