Peregrine Asset Advisers Inc. reduced its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 73.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,112 shares of the company's stock after selling 30,155 shares during the quarter. Peregrine Asset Advisers Inc.'s holdings in Procter & Gamble were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of Procter & Gamble by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after buying an additional 122,190 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 733,440 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Procter & Gamble by 9.7% in the 1st 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 during the period. Janus Henderson Group PLC grew its holdings in shares of Procter & Gamble by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock worth $974,914,000 after purchasing an additional 79,665 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Procter & Gamble by 3.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,706,199 shares of the company's stock worth $941,066,000 after purchasing an additional 216,300 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on PG. Jefferies Financial Group lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Procter & Gamble from $179.00 to $186.00 and gave the stock an "overweight" rating in a research note on Thursday, September 19th. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. Wolfe Research raised shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, August 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a "hold" rating in a research report on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $177.00.
View Our Latest Stock Report on PG
In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares of the company's stock, valued at $1,954,538.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,597 shares of company stock worth $53,268,499 in the last 90 days. 0.18% of the stock is currently owned by company insiders.
Shares of NYSE PG opened at $167.71 on Monday. The business has a 50 day simple moving average of $171.08 and a 200-day simple moving average of $168.23. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. The company has a market capitalization of $394.96 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.63 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period last year, the firm posted $1.83 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, October 18th. Procter & Gamble's payout ratio is 69.48%.
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.
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