Yacktman Asset Management LP Has $360.86 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Yacktman Asset Management LP trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,117,468 shares of the company's stock after selling 41,557 shares during the period. Procter & Gamble makes up about 4.7% of Yacktman Asset Management LP's holdings, making the stock its 5th largest holding. Yacktman Asset Management LP owned about 0.09% of Procter & Gamble worth $360,859,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $31,000. Hoey Investments Inc. raised its stake in Procter & Gamble by 321.7% in the fourth 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 acquired a new stake in Procter & Gamble in the fourth quarter valued at $34,000. Finally, 10Elms LLP acquired a new stake in Procter & Gamble in the fourth quarter valued at $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

PG stock traded down $1.54 during mid-day trading on Friday, reaching $156.95. 8,051,866 shares of the stock traded hands, compared to its average volume of 7,589,094. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 52 week low of $155.95 and a 52 week high of $180.43. The business has a 50-day moving average of $161.84 and a two-hundred day moving average of $165.03. The firm has a market capitalization of $367.98 billion, a PE ratio of 24.91, a P/E/G ratio of 4.48 and a beta of 0.40.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction 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 $8,386,111.70. This trade 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.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Evercore ISI reiterated an "outperform" rating and set a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Bank of America cut their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

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.