California Public Employees Retirement System lessened its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,352,559 shares of the company's stock after selling 153,390 shares during the period. Procter & Gamble makes up about 0.9% of California Public Employees Retirement System's portfolio, making the stock its 15th largest holding. California Public Employees Retirement System owned approximately 0.36% of Procter & Gamble worth $1,400,307,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $5,244,463,000. Raymond James Financial Inc. acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $1,010,685,000. Geode Capital Management LLC increased its position in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock worth $9,538,327,000 after acquiring an additional 3,619,466 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Procter & Gamble by 1,195.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock valued at $580,596,000 after acquiring an additional 2,973,757 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.
Insider Buying and Selling
In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on PG. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Seven equities research 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $181.82.
View Our Latest Analysis on Procter & Gamble
Procter & Gamble Price Performance
NYSE:PG traded up $2.46 during trading hours on Monday, hitting $170.49. 11,520,034 shares of the company's stock traded hands, compared to its average volume of 6,907,768. The firm has a market cap of $399.78 billion, a P/E ratio of 27.15, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business's fifty day simple moving average is $168.60 and its two-hundred day simple moving average is $169.31. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last issued 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. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.01%.
About Procter & Gamble
(
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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