Amiral Gestion Acquires New Position in Procter & Gamble Company (The) $PG

Amiral Gestion bought a new position in Procter & Gamble Company (The) (NYSE:PGFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 45,388 shares of the company’s stock, valued at approximately $6,505,000. Procter & Gamble accounts for approximately 2.4% of Amiral Gestion’s portfolio, making the stock its 12th largest position.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. State Street Corp grew its holdings in Procter & Gamble by 0.4% in the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after buying an additional 370,872 shares during the period. Norges Bank acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at about $5,099,644,000. Franklin Resources Inc. lifted its holdings in shares of Procter & Gamble by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock worth $3,510,955,000 after acquiring an additional 1,752,481 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Procter & Gamble by 1.2% during the 3rd quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock worth $2,543,839,000 after acquiring an additional 189,968 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This trade represents a 33.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,618 shares of company stock worth $55,462,643 over the last ninety days. Insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 0.2%

Shares of PG opened at $142.76 on Friday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80. The stock has a 50-day moving average price of $153.93 and a 200 day moving average price of $150.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The company has a market capitalization of $331.78 billion, a P/E ratio of 21.15, a P/E/G ratio of 4.76 and a beta of 0.37.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.Procter & Gamble’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.67%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PG. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Wells Fargo & Company restated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Tuesday, February 17th. Rothschild & Co Redburn lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Finally, Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.33.

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About Procter & Gamble

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including 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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