South Dakota Investment Council Lowers Position in The Procter & Gamble Company (NYSE:PG)

South Dakota Investment Council trimmed its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,422 shares of the company’s stock after selling 1,854 shares during the quarter. South Dakota Investment Council’s holdings in Procter & Gamble were worth $4,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PG. Nicolet Advisory Services LLC grew its holdings in shares of Procter & Gamble by 2.9% in the third quarter. Nicolet Advisory Services LLC now owns 122,823 shares of the company’s stock valued at $17,929,000 after acquiring an additional 3,513 shares in the last quarter. Savant Capital LLC increased its position in shares of Procter & Gamble by 32.2% during the 3rd quarter. Savant Capital LLC now owns 191,897 shares of the company’s stock valued at $27,990,000 after purchasing an additional 46,792 shares during the last quarter. Fermata Advisors LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter worth $822,000. Wambolt & Associates LLC grew its position in Procter & Gamble by 12.9% during the third quarter. Wambolt & Associates LLC now owns 22,285 shares of the company’s stock valued at $3,236,000 after buying an additional 2,549 shares during the period. Finally, Kellett Wealth Advisors LLC increased its holdings in Procter & Gamble by 3.4% during the third quarter. Kellett Wealth Advisors LLC now owns 43,656 shares of the company’s stock worth $6,368,000 after buying an additional 1,435 shares during the last quarter. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $157.47 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The Procter & Gamble Company has a fifty-two week low of $135.83 and a fifty-two week high of $158.38. The stock has a 50 day moving average price of $148.99 and a two-hundred day moving average price of $150.48. The company has a market capitalization of $370.53 billion, a P/E ratio of 26.38, a PEG ratio of 3.19 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.44 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.9407 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PG. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. UBS Group raised their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Sunday. Jefferies Financial Group started coverage on Procter & Gamble in a research note on Monday, November 13th. They issued a “buy” rating and a $177.00 price objective on the stock. Finally, Raymond James increased their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $166.76.

Read Our Latest Research Report on Procter & Gamble

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Andre Schulten sold 40,298 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $150.61, for a total value of $6,069,281.78. Following the sale, the chief financial officer now directly owns 36,460 shares of the company’s stock, valued at $5,491,240.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Over the last three months, insiders have sold 318,956 shares of company stock valued at $48,991,013. Company insiders own 0.17% of the company’s stock.

About Procter & Gamble

(Free Report)

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

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