Forsta AP Fonden lowered its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 606,800 shares of the company’s stock after selling 27,700 shares during the quarter. Procter & Gamble accounts for about 1.1% of Forsta AP Fonden’s investment portfolio, making the stock its 13th largest position. Forsta AP Fonden’s holdings in Procter & Gamble were worth $90,225,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC increased its holdings in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after acquiring an additional 38,495,676 shares during the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $3,752,321,000. Morgan Stanley lifted its position in shares of Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after buying an additional 4,959,527 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Procter & Gamble by 43.9% during the fourth quarter. Alliancebernstein L.P. now owns 9,462,510 shares of the company’s stock valued at $1,434,138,000 after buying an additional 2,888,007 shares during the last quarter. Finally, CI Private Wealth LLC purchased a new position in Procter & Gamble during the 4th quarter valued at approximately $292,647,000. 64.65% of the stock is currently owned by institutional investors.
Insider Transactions at Procter & Gamble
In related news, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the sale, the chief operating officer now directly owns 10,014 shares in the company, valued at $1,562,484.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the transaction, the chief operating officer now directly owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 4,852 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $155.47, for a total value of $754,340.44. Following the sale, the insider now directly owns 7,977 shares in the company, valued at approximately $1,240,184.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,093 shares of company stock valued at $14,821,930. 0.26% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Procter & Gamble Stock Down 2.1 %
Shares of PG opened at $148.81 on Friday. The firm has a market capitalization of $350.74 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.91 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.11. The firm has a fifty day moving average price of $149.97 and a 200-day moving average price of $147.40. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51.
Procter & Gamble (NYSE:PG – Free Report) last issued its earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The business had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the prior year, the firm earned $1.33 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a $0.9407 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.53%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Thursday, April 20th. Procter & Gamble’s dividend payout ratio is currently 65.51%.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
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