The Procter & Gamble Company (NYSE:PG) Stock Holdings Trimmed by Avanza Fonder AB

Avanza Fonder AB lessened its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,882 shares of the company's stock after selling 26,867 shares during the period. Procter & Gamble accounts for about 1.3% of Avanza Fonder AB's portfolio, making the stock its 11th largest position. Avanza Fonder AB's holdings in Procter & Gamble were worth $37,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position 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 valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Procter & Gamble in the fourth quarter valued at $50,049,000. WCM Investment Management LLC boosted its stake in Procter & Gamble by 148.8% in the fourth quarter. WCM Investment Management LLC now owns 25,669 shares of the company's stock valued at $4,289,000 after acquiring an additional 15,351 shares in the last quarter. Legacy Financial Strategies LLC raised its holdings in shares of Procter & Gamble by 4.4% in the fourth quarter. Legacy Financial Strategies LLC now owns 2,378 shares of the company's stock valued at $395,000 after buying an additional 100 shares during the last quarter. Finally, Focused Wealth Management Inc raised its holdings in Procter & Gamble by 2.0% during the fourth quarter. Focused Wealth Management Inc now owns 3,342 shares of the company's stock worth $560,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of PG traded down $3.12 during mid-day trading on Friday, hitting $160.06. 7,093,816 shares of the stock were exchanged, compared to its average volume of 7,367,457. The company has a market cap of $375.27 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The firm has a 50-day moving average of $163.70 and a two-hundred day moving average of $166.95. 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 - 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 analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business's revenue was down 2.1% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PG shares. Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Bank of America cut their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Raymond James dropped their price target 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. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $178.86.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate 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.