Northwestern Mutual Investment Management Company LLC Boosts Stock Holdings in Procter & Gamble Co (NYSE:PG)

Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,304 shares of the company’s stock after acquiring an additional 163 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Procter & Gamble were worth $11,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of PG. D Orazio & Associates Inc. boosted its stake in Procter & Gamble by 3.2% in the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after acquiring an additional 98 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Procter & Gamble by 104.5% in the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after acquiring an additional 12,038 shares in the last quarter. Homrich & Berg boosted its stake in Procter & Gamble by 1.1% in the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after acquiring an additional 1,291 shares in the last quarter. Bellecapital International Ltd. boosted its stake in Procter & Gamble by 19.0% in the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after acquiring an additional 1,025 shares in the last quarter. Finally, First National Bank of South Miami boosted its stake in Procter & Gamble by 5.1% in the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after acquiring an additional 340 shares in the last quarter. 65.45% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on PG shares. Morgan Stanley increased their target price on shares of Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Macquarie increased their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, July 30th. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $116.71.

In related news, Vice Chairman Jon R. Moeller sold 141,575 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.05, for a total transaction of $16,712,928.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 26,075 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.96, for a total transaction of $3,258,332.00. Following the transaction, the insider now directly owns 139,066 shares of the company’s stock, valued at $17,377,687.36. The disclosure for this sale can be found here. Insiders have sold 1,645,966 shares of company stock valued at $202,229,770 over the last three months. 1.75% of the stock is currently owned by corporate insiders.

NYSE PG traded up $1.38 during trading hours on Wednesday, hitting $120.65. 7,246,580 shares of the stock were exchanged, compared to its average volume of 7,767,040. The company has a market cap of $298.51 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 3.25 and a beta of 0.42. Procter & Gamble Co has a 12-month low of $86.74 and a 12-month high of $125.77. The stock has a 50-day moving average of $121.79 and a 200 day moving average of $115.23. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. On average, equities research analysts expect that Procter & Gamble Co will post 4.93 earnings per share 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 issued a dividend of $0.7459 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 annualized dividend and a yield of 2.47%. Procter & Gamble’s dividend payout ratio is currently 65.93%.

About Procter & Gamble

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.

Read More: Short Selling Stocks and Day Traders

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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.