Tredje AP fonden boosted its stake in Procter & Gamble Co (NYSE:PG) by 14.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,899 shares of the company’s stock after acquiring an additional 36,728 shares during the quarter. Procter & Gamble accounts for 0.8% of Tredje AP fonden’s portfolio, making the stock its 22nd largest position. Tredje AP fonden’s holdings in Procter & Gamble were worth $22,786,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of PG. Franklin Resources Inc. lifted its position in Procter & Gamble by 63.1% in the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after acquiring an additional 4,315,180 shares in the last quarter. BlackRock Inc. lifted its position in Procter & Gamble by 1.9% in the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after acquiring an additional 2,961,408 shares in the last quarter. C WorldWide Group Holding A S bought a new stake in Procter & Gamble in the 2nd quarter valued at $113,258,000. Unigestion Holding SA bought a new stake in Procter & Gamble in the 2nd quarter valued at $112,171,000. Finally, Schroder Investment Management Group lifted its position in Procter & Gamble by 31.6% in the 1st quarter. Schroder Investment Management Group now owns 4,928,265 shares of the company’s stock valued at $390,712,000 after acquiring an additional 1,184,004 shares in the last quarter. 58.57% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on PG. Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Procter & Gamble in a research report on Friday, November 9th. Deutsche Bank boosted their price objective on shares of Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Procter & Gamble in a research report on Tuesday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 price objective on shares of Procter & Gamble in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Procter & Gamble presently has an average rating of “Hold” and an average price target of $88.38.
Shares of NYSE:PG opened at $91.41 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a one year low of $70.73 and a one year high of $94.81. The stock has a market cap of $230.44 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 3.00 and a beta of 0.37.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. During the same period in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts forecast that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were given a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 annualized dividend and a yield of 3.14%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
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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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