Milestone Asset Management LLC Acquires Shares of 7,003 The Procter & Gamble Company (NYSE:PG)

Milestone Asset Management LLC bought a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,003 shares of the company's stock, valued at approximately $1,174,000.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Procter & Gamble by 19,030.8% in the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company's stock valued at $639,730,000 after buying an additional 3,674,286 shares during the period. Geode Capital Management LLC raised its holdings in Procter & Gamble by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of 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 acquiring an additional 1,760,214 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth $301,950,000. Finally, AMF Tjanstepension AB increased its position in shares of Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 0.9 %

NYSE PG traded down $1.43 on Friday, hitting $165.98. The company's stock had a trading volume of 5,464,602 shares, compared to its average volume of 7,379,412. The company's 50-day moving average is $168.54 and its 200 day moving average is $169.38. The firm has a market cap of $389.20 billion, a PE ratio of 26.43, a PEG ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 earnings per share. As a group, analysts predict 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 will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.17%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company's stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. 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 business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 over the last ninety days. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Barclays lifted their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. Finally, UBS Group dropped their price objective on Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Eight equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $180.53.

About Procter & Gamble

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.