The Procter & Gamble Company (NYSE:PG) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 100.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,300 shares of the company's stock after acquiring an additional 55,300 shares during the quarter. Two Sigma Advisers LP's holdings in Procter & Gamble were worth $18,492,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PG. Norges Bank acquired a new position in Procter & Gamble in the 4th quarter valued at about $5,244,463,000. Raymond James Financial Inc. purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Procter & Gamble by 1,195.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock valued at $580,596,000 after buying an additional 2,973,757 shares during the period. Capital Research Global Investors boosted its stake in shares of Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after buying an additional 2,846,560 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after buying an additional 2,703,757 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,520 shares of company stock valued at $7,909,388. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PG. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Citigroup decreased their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Royal Bank of Canada upgraded 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 note on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $178.52.

Procter & Gamble Stock Performance

NYSE PG traded up $1.09 on Tuesday, reaching $166.95. The stock had a trading volume of 2,756,445 shares, compared to its average volume of 7,257,920. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The business's 50-day moving average price is $164.13 and its 200 day moving average price is $167.34. The stock has a market cap of $391.42 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is presently 66.98%.

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.