Brick & Kyle Associates lessened its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 86.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,861 shares of the company's stock after selling 48,528 shares during the quarter. Brick & Kyle Associates' holdings in Procter & Gamble were worth $1,296,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc boosted its holdings in shares of Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock valued at $3,567,556,000 after buying an additional 122,190 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Procter & Gamble by 5.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,552,081 shares of the company's stock valued at $1,546,302,000 after acquiring an additional 554,451 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Procter & Gamble by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company's stock worth $1,598,510,000 after purchasing an additional 733,440 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Procter & Gamble by 9.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company's stock worth $999,705,000 after purchasing an additional 545,601 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Procter & Gamble by 1.3% in the 1st quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock valued at $974,914,000 after purchasing an additional 79,665 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Balaji Purushothaman sold 8,842 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares of the company's stock, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 37,240 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now directly owns 263,537 shares of the company's stock, valued at $44,508,763.93. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock valued at $63,829,141 over the last quarter. Company insiders own 0.17% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a research report on Thursday, September 19th. Dbs Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. Evercore ISI boosted their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an "outperform" rating in a research report on Thursday, July 18th. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They set an "outperform" rating and a $187.00 price objective for the company. Finally, Citigroup boosted their target price on Procter & Gamble from $177.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $175.89.
Read Our Latest Report on PG
Procter & Gamble Price Performance
Shares of NYSE:PG traded up $0.34 on Friday, hitting $173.55. The company had a trading volume of 4,599,709 shares, compared to its average volume of 7,251,913. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $409.60 billion, a PE ratio of 28.36, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $177.94. The business has a 50 day moving average of $170.79 and a 200 day moving average of $166.14.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble's dividend payout ratio (DPR) is 65.85%.
About Procter & Gamble
(
Free Report)
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.
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