AIA Group Ltd Has $47.44 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• AIA Group Ltd reduced its stake in Procter & Gamble by 12.2% in the 1st quarter, owning 278,348 shares valued at approximately $47.44 million.
• Procter & Gamble reported $1.48 earnings per share for the last quarter, exceeding analysts' estimates of $1.42, with revenue reaching $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, representing an annualized yield of 2.8%.

AIA Group Ltd decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,348 shares of the company's stock after selling 38,656 shares during the quarter. Procter & Gamble comprises about 1.2% of AIA Group Ltd's portfolio, making the stock its 15th biggest holding. AIA Group Ltd's holdings in Procter & Gamble were worth $47,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after acquiring an additional 284,174 shares during the period. Sagespring Wealth Partners LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $7,721,000. Entruity Wealth LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $352,000. Finally, Granite Investment Partners LLC boosted its stake in shares of Procter & Gamble by 1.2% during the 4th quarter. Granite Investment Partners LLC now owns 12,764 shares of the company's stock worth $2,140,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $153.55 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a market cap of $359.67 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37. The business has a fifty day simple moving average of $158.26 and a 200 day simple moving average of $163.66.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the company earned $1.40 EPS. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.98%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PG shares. Evercore ISI reiterated an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Finally, Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $175.88.

About Procter & Gamble

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.

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