Public Sector Pension Investment Board Sells 85,773 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Public Sector Pension Investment Board reduced its stake in Procter & Gamble by 11.7%, selling 85,773 shares during the first quarter, leaving it with a total of 647,235 shares valued at approximately $110 million.
• Procter & Gamble's quarterly earnings exceeded expectations with an EPS of $1.48, surpassing the consensus estimate of $1.42, and achieving a 1.7% year-over-year revenue growth to $20.89 billion.
• The company also declared a quarterly dividend of $1.0568 per share, translating to an annual yield of 2.8%, with a payout ratio of 64.98%.

Public Sector Pension Investment Board lowered its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 647,235 shares of the company's stock after selling 85,773 shares during the quarter. Public Sector Pension Investment Board's holdings in Procter & Gamble were worth $110,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Cladis Investment Advisory LLC increased its stake in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after purchasing an additional 236 shares in the last quarter. FAS Wealth Partners Inc. increased its stake in Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after buying an additional 549 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after acquiring an additional 4,562 shares during the period. World Investment Advisors lifted its position in shares of Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after acquiring an additional 2,886 shares in the last quarter. Finally, Sanders Capital LLC lifted its position in shares of Procter & Gamble by 1.4% in the fourth quarter. Sanders Capital LLC now owns 7,353,715 shares of the company's stock valued at $1,232,850,000 after acquiring an additional 104,168 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.0%

Shares of PG opened at $153.55 on Monday. The company's fifty day simple moving average is $158.26 and its 200-day simple moving average is $163.66. The company has a market cap of $359.67 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PG. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Bank of America dropped their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $175.88.

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.

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