The Procter & Gamble Company (NYSE:PG) Shares Sold by Jensen Investment Management Inc.

Jensen Investment Management Inc. cut its position in The Procter & Gamble Company (NYSE:PG) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,983,663 shares of the company’s stock after selling 351,525 shares during the quarter. Procter & Gamble makes up 2.7% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Jensen Investment Management Inc.’s holdings in Procter & Gamble were worth $327,146,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $3,956,117,000. Fisher Asset Management LLC grew its position in Procter & Gamble by 5.5% during the 4th quarter. Fisher Asset Management LLC now owns 10,552,081 shares of the company’s stock worth $1,546,302,000 after purchasing an additional 554,451 shares during the last quarter. Franklin Resources Inc. increased its stake in Procter & Gamble by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock valued at $1,402,636,000 after purchasing an additional 246,323 shares during the period. Sanders Capital LLC raised its holdings in shares of Procter & Gamble by 3.3% in the fourth quarter. Sanders Capital LLC now owns 6,987,508 shares of the company’s stock valued at $1,023,949,000 after buying an additional 223,798 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Procter & Gamble by 9.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company’s stock worth $999,705,000 after buying an additional 545,601 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. Citigroup boosted their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Barclays dropped their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. Finally, Evercore ISI raised their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Buying and Selling at Procter & Gamble

In related news, CFO Andre Schulten sold 13,041 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,216,970.00. Following the completion of the transaction, the chief financial officer now directly owns 37,208 shares in the company, valued at approximately $6,325,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at $6,325,360. The disclosure for this sale can be found here. Insiders have sold 375,553 shares of company stock valued at $63,829,141 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG traded up $0.80 on Friday, reaching $176.27. The stock had a trading volume of 716,964 shares, compared to its average volume of 6,561,749. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $177.04. The firm has a market capitalization of $416.02 billion, a PE ratio of 28.67, a PEG ratio of 3.72 and a beta of 0.41. The firm has a 50-day moving average of $168.05 and a 200 day moving average of $164.52. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. Sell-side analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Procter & Gamble Company Profile

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.