Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,510,019 shares of the company's stock after buying an additional 53,170 shares during the quarter. Procter & Gamble makes up 0.6% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its 23rd biggest holding. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Procter & Gamble worth $253,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC grew its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble in the third quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Atlantic Private Wealth LLC lifted its stake in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after acquiring an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at $39,000. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PG shares. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Finally, Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $181.47.

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Procter & Gamble Trading Down 1.7 %

PG traded down $2.75 during trading on Tuesday, hitting $162.90. The company's stock had a trading volume of 8,365,995 shares, compared to its average volume of 6,474,168. The firm has a market capitalization of $381.98 billion, a P/E ratio of 25.94, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month 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. The stock's fifty day moving average price is $168.17 and its 200-day moving average price is $169.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same period last year, the company posted $1.84 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.01%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Company Profile

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.