Sumitomo Mitsui DS Asset Management Company Ltd Has $43.37 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,613 shares of the company’s stock after acquiring an additional 21,199 shares during the quarter. Procter & Gamble accounts for about 1.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 18th largest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Procter & Gamble were worth $43,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lansing Street Advisors purchased a new position in Procter & Gamble during the first quarter valued at approximately $37,000. Western Pacific Wealth Management LP purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $40,000. Dravo Bay LLC purchased a new position in Procter & Gamble during the first quarter valued at approximately $40,000. Retirement Group LLC grew its position in Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter worth approximately $50,000. 63.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 907 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $135,442.31. Following the completion of the transaction, the insider now directly owns 6,253 shares in the company, valued at approximately $933,760.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Susan Street Whaley sold 907 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $135,442.31. Following the completion of the transaction, the insider now owns 6,253 shares in the company, valued at approximately $933,760.49. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of 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 a total of 289,321 shares of company stock worth $42,559,426 in the last ninety days. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Evercore ISI set a $170.00 target price on shares of Procter & Gamble in a research report on Monday, June 20th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. UBS Group decreased their target price on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Finally, Barclays decreased 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. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Price Performance

NYSE:PG opened at $135.73 on Thursday. The stock has a market cap of $323.78 billion, a P/E ratio of 23.36, a PEG ratio of 3.53 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 has a fifty day moving average price of $142.76 and a 200 day moving average price of $147.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45.

Procter & Gamble (NYSE:PGGet Rating) last released its 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). The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. Procter & Gamble’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were paid a dividend of $0.913 per share. This represents a $3.65 annualized dividend and a yield of 2.69%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s payout ratio is currently 62.82%.

Procter & Gamble Company Profile

(Get Rating)

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.

Featured Stories

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.