Jupiter Asset Management Ltd. Lowers Holdings in The Procter & Gamble Company (NYSE:PG)

Jupiter Asset Management Ltd. decreased its position in The Procter & Gamble Company (NYSE:PGFree Report) by 1.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,832 shares of the company’s stock after selling 238 shares during the period. Jupiter Asset Management Ltd.’s holdings in Procter & Gamble were worth $2,601,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Axiom Financial Strategies LLC lifted its holdings in Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares during the period. AMI Investment Management Inc. lifted its holdings in Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after buying an additional 233 shares during the period. LSV Asset Management lifted its holdings in Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after buying an additional 1,000 shares during the period. Ergoteles LLC purchased a new stake in Procter & Gamble during the first quarter worth $3,073,000. Finally, Wsfs Capital Management LLC lifted its holdings in Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after buying an additional 455 shares during the period. Hedge funds and other institutional investors own 63.43% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Raymond James upped their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Royal Bank of Canada upped their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Jefferies Financial Group started coverage on Procter & Gamble in a research report on Monday, November 13th. They set a “buy” rating and a $177.00 price target on the stock. Finally, Barclays upped their price target on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $167.06.

View Our Latest Research Report on Procter & Gamble

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 6,575 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the sale, the chief executive officer now directly owns 5,620 shares in the company, valued at $862,501.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 278,658 shares of company stock valued at $42,921,732. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $157.42 on Friday. The business’s 50-day moving average is $150.04 and its two-hundred day moving average is $150.88. The company has a market capitalization of $370.41 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.21 and a beta of 0.45. 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 $159.83.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. Research analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Procter & Gamble Profile

(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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