Hudson Bay Capital Management LP Has $1.05 Million Holdings in Procter & Gamble Company (The) $PG

Key Points

• Hudson Bay Capital Management LP cut its stake in Procter & Gamble by 94.9% in Q3, selling 125,940 shares and ending the quarter with 6,818 shares worth about $1.05 million.
• Insiders have sold a total of 348,618 P&G shares valued at approximately $55.46 million in the last 90 days (insiders now own 0.20% of the company), including recent sales by Moses Victor Javier Aguilar and Susan Street Whaley.
• Analyst sentiment is mildly positive—14 Buy ratings versus 7 Holds—resulting in an average rating of Moderate Buy and an average price target of $168.33.

Hudson Bay Capital Management LP decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 94.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,818 shares of the company's stock after selling 125,940 shares during the quarter. Hudson Bay Capital Management LP's holdings in Procter & Gamble were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Procter & Gamble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company's stock valued at $36,050,992,000 after acquiring an additional 1,419,322 shares in the last quarter. State Street Corp grew its stake in Procter & Gamble by 0.4% in the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company's stock valued at $15,462,541,000 after purchasing an additional 370,872 shares during the period. Norges Bank purchased a new stake in Procter & Gamble during the second quarter worth about $5,099,644,000. Franklin Resources Inc. raised its stake in shares of Procter & Gamble by 8.3% in the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company's stock valued at $3,510,955,000 after buying an additional 1,752,481 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Procter & Gamble by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company's stock valued at $2,770,035,000 after acquiring an additional 294,673 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This represents a 25.32% 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, insider Susan Street Whaley sold 1,809 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the transaction, the insider owned 30,215 shares of the company's stock, valued at approximately $4,818,083.90. The trade was a 5.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 348,618 shares of company stock worth $55,462,643. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PG. JPMorgan Chase & Co. raised Procter & Gamble from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. UBS Group upped their target price on Procter & Gamble from $161.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Dbs Bank raised Procter & Gamble from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $172.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research report on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $168.33.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $144.41 on Monday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company has a market cap of $335.61 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 4.82 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $154.07 and a 200-day moving average price of $150.63.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business had revenue of $22.21 billion for the quarter, compared to analysts' expectations of $22.36 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble's dividend payout ratio (DPR) is 62.52%.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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