Generate Investment Management Ltd Purchases New Holdings in The Procter & Gamble Company (NYSE:PG)

Generate Investment Management Ltd acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 100,116 shares of the company’s stock, valued at approximately $16,784,000. Procter & Gamble accounts for about 1.2% of Generate Investment Management Ltd’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also modified their holdings of PG. Golden State Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $912,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of Procter & Gamble by 1.7% in the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 8,245 shares of the company’s stock worth $1,382,000 after acquiring an additional 136 shares during the period. Centerline Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $352,000. Global X Japan Co. Ltd. increased its stake in shares of Procter & Gamble by 22.1% during the fourth quarter. Global X Japan Co. Ltd. now owns 3,067 shares of the company’s stock worth $514,000 after acquiring an additional 556 shares during the period. Finally, Fairvoy Private Wealth LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $3,020,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.5 %

Shares of PG opened at $167.99 on Friday. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a market capitalization of $393.91 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The stock has a fifty day moving average of $167.53 and a two-hundred day moving average of $169.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the prior year, the firm posted $1.84 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s payout ratio is 64.17%.

Analyst Ratings Changes

A number of analysts recently weighed in on PG shares. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI lifted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.53.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,097 shares of company stock valued at $25,635,076. Insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

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.