Gateway Investment Advisers LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 623,235 shares of the company's stock after purchasing an additional 61,480 shares during the period. Procter & Gamble accounts for about 1.2% of Gateway Investment Advisers LLC's investment portfolio, making the stock its 15th biggest holding. Gateway Investment Advisers LLC's holdings in Procter & Gamble were worth $106,212,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock valued at $38,524,976,000 after purchasing an additional 1,592,061 shares during the period. Geode Capital Management LLC grew its stake in Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock valued at $9,457,000,000 after buying an additional 1,267,419 shares during the last quarter. Norges Bank bought a new position in Procter & Gamble in the 4th quarter worth $5,244,463,000. Northern Trust Corp raised its holdings in Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Finally, Franklin Resources Inc. lifted its position in Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $3,386,194,000 after acquiring an additional 1,209,275 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on PG shares. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Raymond James dropped 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 report on Friday, April 25th. Finally, Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $178.86.
Get Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Stock Performance
NYSE:PG opened at $164.01 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $164.01 and a 200 day moving average price of $167.27. The firm has a market capitalization of $384.53 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its 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. The business had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. Research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is currently 66.98%.
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The stock was 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 now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on 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 $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.
About Procter & Gamble
(
Free Report)
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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