Ninety One North America Inc. Sells 6,766 Shares of Procter & Gamble Company (The) (NYSE:PG)

Ninety One North America Inc. lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,407 shares of the company's stock after selling 6,766 shares during the quarter. Ninety One North America Inc.'s holdings in Procter & Gamble were worth $7,227,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PG. Navigoe LLC purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $31,000. Hoey Investments Inc. grew its stake in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, 10Elms LLP purchased a new position in Procter & Gamble in the 4th quarter valued at approximately $34,000. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research report on Thursday, May 1st. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Bank of America reduced their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $178.45.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $160.46 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $376.21 billion, a PE ratio of 25.47, a P/E/G ratio of 4.58 and a beta of 0.40. The firm has a fifty day simple moving average of $162.07 and a two-hundred day simple moving average of $165.20. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. Research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer directly owned 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

About Procter & Gamble

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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