Teachers Retirement System of The State of Kentucky Has $46.38 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Teachers Retirement System of The State of Kentucky lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272,132 shares of the company's stock after buying an additional 7,502 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Procter & Gamble were worth $46,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Navigoe LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $31,000. Hoey Investments Inc. grew its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares in the last quarter. 10Elms LLP bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, Sunbeam Capital Management LLC bought 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.

Analyst Ratings Changes

Several research firms recently weighed in on PG. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Finally, UBS Group decreased their price objective on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.84.

Procter & Gamble Stock Down 0.0%

Shares of PG traded down $0.01 during mid-day trading on Wednesday, hitting $158.31. 1,904,421 shares of the company's stock were exchanged, compared to its average volume of 7,635,892. The company has a market cap of $371.16 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 4.41 and a beta of 0.40. Procter & Gamble Company has a fifty-two week low of $151.90 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The stock's 50-day moving average is $161.31 and its 200-day moving average is $164.41.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates 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 was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 earnings per share. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders 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 dividend yield of 2.67%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated 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 completion of the sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. 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.