The Procter & Gamble Company (NYSE:PG) Holdings Boosted by Swedbank AB

Swedbank AB lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,581,283 shares of the company's stock after acquiring an additional 77,636 shares during the period. Swedbank AB owned 0.07% of Procter & Gamble worth $265,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth $33,000. Costello Asset Management INC lifted its position in Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company's stock valued at $54,000 after purchasing an additional 300 shares during the period. Mendota Financial Group LLC boosted its holdings in Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock valued at $63,000 after purchasing an additional 138 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in Procter & Gamble by 138.7% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company's stock worth $69,000 after purchasing an additional 233 shares during the period. Finally, Hara Capital LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $70,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. DA Davidson reiterated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Hsbc Global Res upgraded shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. Finally, Evercore ISI lifted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $180.53.

Procter & Gamble Trading Down 0.9 %

Procter & Gamble stock traded down $1.43 during trading 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 Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock's fifty day moving average is $168.54 and its 200 day moving average is $169.38. The stock has a market capitalization of $389.20 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.17%.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction 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 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 can be accessed through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % 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 in the last three months. 0.18% of the stock is owned by insiders.

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.