The Procter & Gamble Company (NYSE:PG) Shares Bought by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC increased its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 34.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,076 shares of the company’s stock after purchasing an additional 528 shares during the quarter. Procter & Gamble accounts for 0.0% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 20th largest position. Hartford Funds Management Co LLC’s holdings in Procter & Gamble were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in Procter & Gamble by 3.6% during the second quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock worth $2,665,327,000 after acquiring an additional 637,095 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Procter & Gamble by 22.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after buying an additional 3,054,844 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Procter & Gamble by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,938,327 shares of the company’s stock worth $2,435,377,000 after buying an additional 228,272 shares in the last quarter. State Farm Mutual Automobile Insurance Co. raised its holdings in shares of Procter & Gamble by 0.4% in the second quarter. State Farm Mutual Automobile Insurance Co. now owns 15,762,419 shares of the company’s stock worth $2,266,478,000 after acquiring an additional 60,750 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Procter & Gamble by 3.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,433,141 shares of the company’s stock valued at $1,068,811,000 after acquiring an additional 259,190 shares during the last quarter. Hedge funds and other institutional investors own 62.13% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,922 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the completion of the transaction, the chief executive officer now directly owns 12,312 shares of the company’s stock, valued at approximately $1,785,240. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO R. Alexandra Keith sold 33,968 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the sale, the chief executive officer now owns 38,990 shares in the company, valued at $5,358,785.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 9,922 shares of Procter & Gamble stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $145.00, for a total value of $1,438,690.00. Following the completion of the transaction, the chief executive officer now owns 12,312 shares of the company’s stock, valued at $1,785,240. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,812 shares of company stock worth $8,190,363. 0.26% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 2.1 %

NYSE PG traded down $3.00 during trading hours on Wednesday, hitting $138.82. The company had a trading volume of 1,649,268 shares, compared to its average volume of 7,299,529. The firm’s 50 day moving average is $149.14 and its 200 day moving average is $141.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $164.98. The company has a market capitalization of $327.50 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 3.93 and a beta of 0.42.

Procter & Gamble (NYSE:PGGet Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.58 by $0.01. The business had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be paid a dividend of $0.9133 per share. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.63%. Procter & Gamble’s dividend payout ratio is presently 64.04%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PG shares. Credit Suisse Group cut their price objective on shares of Procter & Gamble from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, November 15th. The Goldman Sachs Group cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $143.00 price objective on the stock. in a report on Sunday, October 9th. Evercore ISI reduced their target price on Procter & Gamble to $145.00 in a research report on Thursday, October 20th. Barclays dropped their price objective on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research note on Monday. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, January 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.00.

Procter & Gamble Company Profile

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

See Also

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

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