Mufg Securities Americas Inc. bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,764 shares of the company's stock, valued at approximately $5,828,000. Procter & Gamble makes up about 0.7% of Mufg Securities Americas Inc.'s investment portfolio, making the stock its 22nd biggest position.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $50,019,000. Nearwater Capital Markets Ltd acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $15,088,000. NorthRock Partners LLC boosted its position in shares of Procter & Gamble by 219.3% during the 4th quarter. NorthRock Partners LLC now owns 48,633 shares of the company's stock worth $8,153,000 after acquiring an additional 33,400 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its position in shares of Procter & Gamble by 5.4% during the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 5,550 shares of the company's stock worth $930,000 after acquiring an additional 282 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of Procter & Gamble by 8.8% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 106,210 shares of the company's stock worth $17,806,000 after acquiring an additional 8,546 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Procter & Gamble
In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,520 shares of company stock valued at $10,999,268. Corporate insiders own 0.18% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. DA Davidson reissued a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $178.52.
Read Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Stock Performance
Procter & Gamble stock traded up $0.87 during mid-day trading on Friday, reaching $163.28. 7,100,112 shares of the company were exchanged, compared to its average volume of 7,226,242. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The firm's 50-day simple moving average is $164.50 and its two-hundred day simple moving average is $167.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a market cap of $382.82 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. Equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio is 66.98%.
Procter & Gamble Profile
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Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and 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.
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