The Procter & Gamble Company (NYSE:PG) Shares Sold by Pensionfund Sabic

Pensionfund Sabic lessened its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 25.6% during the 1st quarter, Holdings Channel reports. The firm owned 29,000 shares of the company’s stock after selling 10,000 shares during the period. Procter & Gamble makes up approximately 1.1% of Pensionfund Sabic’s portfolio, making the stock its 10th biggest position. Pensionfund Sabic’s holdings in Procter & Gamble were worth $4,431,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PG. EagleClaw Capital Managment LLC grew its holdings in Procter & Gamble by 17.0% during the third quarter. EagleClaw Capital Managment LLC now owns 6,775 shares of the company’s stock valued at $946,000 after purchasing an additional 985 shares during the period. MFA Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth about $83,000. Psagot Value Holdings Ltd. lifted its holdings in shares of Procter & Gamble by 4.9% during the 3rd quarter. Psagot Value Holdings Ltd. now owns 68,690 shares of the company’s stock valued at $9,603,000 after purchasing an additional 3,189 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of Procter & Gamble by 48.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 75,384 shares of the company’s stock valued at $10,539,000 after purchasing an additional 24,584 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in Procter & Gamble by 27.5% during the 3rd quarter. Summit Trail Advisors LLC now owns 4,943 shares of the company’s stock worth $691,000 after purchasing an additional 1,067 shares in the last quarter. Institutional investors own 63.64% of the company’s stock.

In related news, Chairman David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $162.83, for a total transaction of $4,884,900.00. Following the sale, the chairman now directly owns 253,933 shares in the company, valued at approximately $41,347,910.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total transaction of $54,251.62. Following the completion of the transaction, the chief accounting officer now owns 1,220 shares of the company’s stock, valued at $198,164.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,415 shares of company stock valued at $17,777,055. Insiders own 0.51% of the company’s stock.

Several research analysts have recently weighed in on PG shares. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, June 1st. Evercore ISI set a $170.00 price target on Procter & Gamble in a research report on Monday. JPMorgan Chase & Co. downgraded shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $181.00 to $165.00 in a research note on Wednesday, March 30th. Credit Suisse Group lifted their target price on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Finally, Barclays reduced their price target on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a research report on Monday, May 23rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $163.80.

PG opened at $138.50 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The business has a fifty day simple moving average of $149.68 and a 200 day simple moving average of $154.44. The Procter & Gamble Company has a 1 year low of $129.50 and a 1 year high of $165.35. The company has a market capitalization of $332.30 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 3.74 and a beta of 0.40.

Procter & Gamble (NYSE:PGGet Rating) last issued its earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The firm had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.69 billion. During the same quarter last year, the business posted $1.26 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 5.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were given a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s payout ratio is currently 63.70%.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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