Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 691,140 shares of the company's stock after acquiring an additional 8,253 shares during the quarter. Procter & Gamble accounts for 0.7% of Arizona State Retirement System's investment portfolio, making the stock its 18th largest position. Arizona State Retirement System's holdings in Procter & Gamble were worth $117,784,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Nikulski Financial Inc. increased its stake in Procter & Gamble by 21.8% during the 1st quarter. Nikulski Financial Inc. now owns 2,727 shares of the company's stock worth $465,000 after buying an additional 489 shares during the period. Ballentine Partners LLC grew its stake in shares of Procter & Gamble by 1.7% in the first quarter. Ballentine Partners LLC now owns 62,088 shares of the company's stock worth $10,581,000 after acquiring an additional 1,018 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its position in shares of Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after acquiring an additional 63 shares during the period. Stillwater Wealth Management Group raised its stake in shares of Procter & Gamble by 21.6% in the first quarter. Stillwater Wealth Management Group now owns 16,007 shares of the company's stock valued at $2,728,000 after acquiring an additional 2,846 shares in the last quarter. Finally, SkyOak Wealth LLC boosted its holdings in Procter & Gamble by 4.6% in the first quarter. SkyOak Wealth LLC now owns 26,907 shares of the company's stock valued at $4,586,000 after purchasing an additional 1,195 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on PG. Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Raymond James Financial cut their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Redburn Atlantic downgraded shares of 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. Citigroup dropped their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $178.45.

Procter & Gamble Stock Performance

PG traded down $1.54 during trading on Friday, hitting $156.95. The stock had a trading volume of 8,051,886 shares, compared to its average volume of 7,596,124. The firm has a market capitalization of $367.98 billion, a P/E ratio of 24.91, a PEG ratio of 4.51 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a twelve month low of $155.95 and a twelve month high of $180.43. The company's 50-day moving average price is $161.77 and its 200 day moving average price is $164.94.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the prior year, the company posted $1.52 earnings per share. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

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.