Ensign Peak Advisors Inc Raises Position in The Procter & Gamble Company (NYSE:PG)

Ensign Peak Advisors Inc grew its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 9.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,615,752 shares of the company’s stock after buying an additional 217,428 shares during the quarter. Procter & Gamble accounts for about 0.8% of Ensign Peak Advisors Inc’s investment portfolio, making the stock its 24th biggest position. Ensign Peak Advisors Inc owned 0.11% of Procter & Gamble worth $399,688,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Procter & Gamble by 1.1% during the first quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock valued at $33,236,946,000 after buying an additional 2,394,234 shares during the last quarter. BlackRock Inc. grew its stake in shares of Procter & Gamble by 1.2% during the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after buying an additional 1,785,863 shares during the last quarter. State Street Corp grew its stake in Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after purchasing an additional 1,716,517 shares in the last quarter. Geode Capital Management LLC grew its stake in Procter & Gamble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after purchasing an additional 972,826 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Procter & Gamble by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 23,740,255 shares of the company’s stock worth $3,627,510,000 after purchasing an additional 983,197 shares in the last quarter. Institutional investors own 63.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. Evercore ISI set a $170.00 price objective on Procter & Gamble in a research note on Monday, June 20th. Wells Fargo & Company dropped their price objective on Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. UBS Group dropped their price objective on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $162.93.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, insider Mary Theresa Grabowski sold 10,397 shares of Procter & Gamble stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $146.00, for a total transaction of $1,517,962.00. Following the completion of the transaction, the insider now owns 4,353 shares in the company, valued at approximately $635,538. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now owns 5,026 shares of the company’s stock, valued at approximately $728,770. The disclosure for this sale can be found here. Insiders sold 289,321 shares of company stock worth $42,559,426 in the last 90 days. Insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $141.10 on Tuesday. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The stock has a fifty day moving average price of $143.95 and a 200-day moving average price of $148.16. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The firm has a market cap of $336.59 billion, a PE ratio of 24.29, a P/E/G ratio of 3.87 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.41 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were paid a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a yield of 2.59%. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.

About Procter & Gamble

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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.

Further Reading

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

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