Maryland State Retirement & Pension System Has $18.82 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Maryland State Retirement & Pension System reduced its holdings in Procter & Gamble by 13.3% in the first quarter, selling 16,998 shares and maintaining 110,449 shares valued at approximately $18.82 million.
• Multiple hedge funds increased their stakes in Procter & Gamble during the fourth quarter, with Brighton Jones LLC lifting its position by 51.5% and Bank Pictet & Cie Europe AG growing its stake by 493.6%.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, with a yield of 2.8%, and a dividend payout ratio of 64.98%.

Maryland State Retirement & Pension System decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,449 shares of the company's stock after selling 16,998 shares during the period. Maryland State Retirement & Pension System's holdings in Procter & Gamble were worth $18,823,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Navigoe LLC acquired a new position in Procter & Gamble during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. 10Elms LLP acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Mizuho Securities Co. Ltd. grew its stake in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the last quarter. Finally, Sunbeam Capital Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

NYSE PG traded up $0.06 on Friday, hitting $153.55. 5,810,954 shares of the company were exchanged, compared to its average volume of 8,068,523. The firm has a 50 day moving average of $158.26 and a two-hundred day moving average of $163.68. The company has a market cap of $359.67 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37. 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 Company has a 1-year low of $149.91 and a 1-year high of $180.43.

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 for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm 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 company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is currently 64.98%.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Citigroup decreased their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

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.