Dearborn Partners LLC Has $35.49 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Dearborn Partners LLC grew its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 205.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 208,225 shares of the company's stock after acquiring an additional 140,004 shares during the quarter. Procter & Gamble comprises approximately 1.7% of Dearborn Partners LLC's investment portfolio, making the stock its 18th biggest position. Dearborn Partners LLC's holdings in Procter & Gamble were worth $35,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. GAMMA Investing LLC boosted its holdings in Procter & Gamble by 20,758.5% in the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after purchasing an additional 7,913,335 shares during the period. Capital Research Global Investors raised its stake in Procter & Gamble by 62.5% during the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after acquiring an additional 2,846,560 shares in the last quarter. Northern Trust Corp raised its stake in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Procter & Gamble by 1,709.5% in the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock worth $324,825,000 after buying an additional 1,895,421 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $3.88 during midday trading on Wednesday, reaching $152.73. The company had a trading volume of 8,153,732 shares, compared to its average volume of 8,270,234. The company has a market capitalization of $358.08 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40. The stock has a fifty day simple moving average of $160.43 and a 200 day simple moving average of $164.11. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.48. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, July 18th. Procter & Gamble's payout ratio is presently 67.14%.

Wall Street Analyst Weigh In

PG has been the topic of a number of research reports. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Barclays upped their target price on Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Raymond James Financial reduced their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective on Procter & Gamble in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $175.71.

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.