Capital World Investors Has $1.51 Billion Position in The Procter & Gamble Company (NYSE:PG)

Capital World Investors cut its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,859,163 shares of the company’s stock after selling 294,716 shares during the quarter. Capital World Investors owned approximately 0.41% of Procter & Gamble worth $1,506,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Equitable Holdings Inc. boosted its position in shares of Procter & Gamble by 5.4% in the fourth quarter. Equitable Holdings Inc. now owns 30,791 shares of the company’s stock valued at $5,037,000 after acquiring an additional 1,588 shares during the period. Advisor Resource Council boosted its position in shares of Procter & Gamble by 93.7% in the fourth quarter. Advisor Resource Council now owns 27,265 shares of the company’s stock valued at $4,460,000 after acquiring an additional 13,186 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of Procter & Gamble by 32.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,398,324 shares of the company’s stock valued at $392,318,000 after acquiring an additional 586,360 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $227,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Procter & Gamble by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,710,055 shares of the company’s stock valued at $2,569,850,000 after acquiring an additional 293,092 shares during the period. 63.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction on 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 directly owns 5,026 shares of the company’s stock, valued at $728,770. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares in the company, valued at $728,770. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the completion of the sale, the chief executive officer now owns 4,002 shares in the company, valued at approximately $580,770.24. The disclosure for this sale can be found here. Insiders have sold a total of 289,321 shares of company stock valued at $42,559,426 over the last three months. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PG shares. Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a research report on Monday, June 20th. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays dropped their target price on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Trading Up 0.2 %

PG stock opened at $138.51 on Thursday. The company has a market capitalization of $330.42 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.87 and a beta of 0.35. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35. The company’s 50 day moving average price is $143.72 and its two-hundred day moving average price is $147.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results 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 return on equity of 32.67% and a net margin of 18.39%. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.41 billion. During the same period last year, the business posted $1.13 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, 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. This represents a $3.65 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s payout ratio 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.

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

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