Gulf International Bank UK Ltd Sells 47,745 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Procter & Gamble by 26.1% in Q1, owning 135,295 shares after selling 47,745 shares during that period.
• Procter & Gamble reported $1.48 EPS for its latest quarter, exceeding expectations and showcasing a 1.7% increase in year-over-year revenue.
• The company announced a quarterly dividend of $1.0568 per share, which translates to an annualized dividend yield of 2.7%.

Gulf International Bank UK Ltd lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 26.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,295 shares of the company's stock after selling 47,745 shares during the quarter. Procter & Gamble comprises 0.8% of Gulf International Bank UK Ltd's portfolio, making the stock its 18th largest holding. Gulf International Bank UK Ltd's holdings in Procter & Gamble were worth $23,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after buying an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Procter & Gamble by 4.9% in the 4th quarter. Guggenheim Capital LLC now owns 183,524 shares of the company's stock worth $30,768,000 after buying an additional 8,557 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Procter & Gamble by 30.7% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,011 shares of the company's stock valued at $1,343,000 after purchasing an additional 1,881 shares during the last quarter. Finally, AGP Franklin LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $3,387,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on PG shares. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Bank of America reduced their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Citigroup reduced their price objective on 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, Raymond James Financial reduced their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Stock Down 1.0%

NYSE:PG traded down $1.58 during trading hours on Thursday, reaching $153.83. 6,342,893 shares of the company traded hands, compared to its average volume of 7,504,851. The business's 50-day moving average price is $157.38 and its two-hundred day moving average price is $163.37. The stock has a market capitalization of $360.32 billion, a P/E ratio of 23.63, a P/E/G ratio of 4.10 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Procter & Gamble Company 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.