Swiss Life Asset Management Ltd boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 646,288 shares of the company's stock after acquiring an additional 45,989 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Procter & Gamble were worth $99,302,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble during the third quarter worth about $25,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $32,000. Caitlin John LLC bought a new stake in Procter & Gamble in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth about $37,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Procter & Gamble during the third quarter worth approximately $40,000. Institutional investors and hedge funds own 65.77% of the company's stock.
Insiders Place Their Bets
In related news, insider Balaji Purushothaman sold 12,827 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the completion of the sale, the insider owned 12,639 shares of the company's stock, valued at $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last 90 days. 0.20% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PG. Piper Sandler began coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a "neutral" rating and a $150.00 price objective for the company. JPMorgan Chase & Co. raised Procter & Gamble from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Jefferies Financial Group raised Procter & Gamble from a "hold" rating to a "buy" rating and lifted their target price for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a "buy" rating for the company in a research report on Monday, December 8th. Finally, UBS Group raised their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.33.
View Our Latest Stock Report on PG
Procter & Gamble Trading Down 3.1%
Shares of PG stock opened at $146.71 on Thursday. The stock has a market cap of $340.96 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 5.06 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $153.95 and a 200 day simple moving average of $150.86.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company's revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble's dividend payout ratio (DPR) is presently 62.67%.
More Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
Procter & Gamble Profile
(
Free Report)
Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
See Also
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

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