Triodos Investment Management BV grew its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 182,955 shares of the company’s stock after acquiring an additional 1,655 shares during the period. Procter & Gamble makes up approximately 5.8% of Triodos Investment Management BV’s portfolio, making the stock its 4th largest position. Triodos Investment Management BV’s holdings in Procter & Gamble were worth $22,756,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of PG. Phocas Financial Corp. raised its stake in Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $779,000 after purchasing an additional 71,055,523 shares during the last quarter. Nuveen Asset Management LLC increased its position in Procter & Gamble by 6,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock worth $2,019,412,000 after purchasing an additional 18,153,758 shares in the last quarter. Vanguard Group Inc. increased its position in Procter & Gamble by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after purchasing an additional 3,786,962 shares in the last quarter. AQR Capital Management LLC increased its position in Procter & Gamble by 49.8% during the 2nd quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock worth $996,295,000 after purchasing an additional 3,019,494 shares in the last quarter. Finally, BlackRock Inc. increased its position in Procter & Gamble by 1.5% during the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after purchasing an additional 2,470,382 shares in the last quarter. Institutional investors own 65.62% of the company’s stock.
Shares of Procter & Gamble stock traded up $0.08 on Friday, hitting $119.70. 4,181,176 shares of the company’s stock traded hands, compared to its average volume of 7,798,948. The stock has a market cap of $296.51 billion, a P/E ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $121.95 and its 200 day moving average is $115.01. Procter & Gamble Co has a 52-week low of $86.74 and a 52-week high of $125.77.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The company had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. Equities research analysts forecast that Procter & Gamble Co will post 4.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is currently 65.93%.
In related news, VP Valarie L. Sheppard sold 1,729 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $119.80, for a total value of $207,134.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Carolyn M. Tastad sold 10,662 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $118.00, for a total value of $1,258,116.00. Following the completion of the sale, the insider now directly owns 61,225 shares in the company, valued at approximately $7,224,550. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,645,966 shares of company stock worth $202,229,770. Corporate insiders own 1.75% of the company’s stock.
PG has been the subject of a number of research analyst reports. Credit Suisse Group increased their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Wells Fargo & Co upped their price target on Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. SunTrust Banks upped their price target on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Goldman Sachs Group restated a “buy” rating and issued a $136.00 price target on shares of Procter & Gamble in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $116.71.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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