National Pension Service Has $810.21 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• The National Pension Service increased its stake in Procter & Gamble by 4.9%, acquiring an additional 220,892 shares in the first quarter, bringing its total ownership to 4,754,173 shares.
• Procter & Gamble reported a Q1 earnings per share of $1.48, exceeding the consensus estimate of $1.42, with revenue rising 1.7% year-over-year to $20.89 billion.
• The company recently declared a quarterly dividend of $1.0568 per share, translating to an annual yield of 2.7%, with a dividend payout ratio of 64.98%.

National Pension Service lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,754,173 shares of the company's stock after purchasing an additional 220,892 shares during the period. Procter & Gamble comprises about 0.8% of National Pension Service's investment portfolio, making the stock its 22nd biggest holding. National Pension Service owned about 0.20% of Procter & Gamble worth $810,206,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Klingman & Associates LLC lifted its holdings in Procter & Gamble by 18.0% in the first quarter. Klingman & Associates LLC now owns 12,117 shares of the company's stock worth $2,065,000 after acquiring an additional 1,849 shares during the last quarter. Fox Hill Wealth Management lifted its holdings in Procter & Gamble by 1.2% in the first quarter. Fox Hill Wealth Management now owns 10,432 shares of the company's stock worth $1,778,000 after acquiring an additional 126 shares during the last quarter. GKV Capital Management Co. Inc. lifted its holdings in Procter & Gamble by 46.3% in the first quarter. GKV Capital Management Co. Inc. now owns 585 shares of the company's stock worth $100,000 after acquiring an additional 185 shares during the last quarter. LGT Group Foundation lifted its holdings in Procter & Gamble by 86.7% in the first quarter. LGT Group Foundation now owns 1,049,317 shares of the company's stock worth $178,825,000 after acquiring an additional 487,329 shares during the last quarter. Finally, LGT Fund Management Co Ltd. lifted its holdings in Procter & Gamble by 14.9% in the first quarter. LGT Fund Management Co Ltd. now owns 75,461 shares of the company's stock worth $12,860,000 after acquiring an additional 9,762 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $0.56 during mid-day trading on Friday, hitting $154.30. The company's stock had a trading volume of 7,120,993 shares, compared to its average volume of 7,406,037. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $361.43 billion, a P/E ratio of 23.70, a P/E/G ratio of 4.07 and a beta of 0.37. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The stock's fifty day moving average price is $157.19 and its two-hundred day moving average price is $163.27.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. 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 posted $1.40 earnings per share. Research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PG. BNP Paribas reissued an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday. Royal Bank Of Canada upgraded shares of 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 note on Friday, April 25th. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Citigroup dropped 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. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $175.94.

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.