Tokio Marine Asset Management Co. Ltd. Buys 4,639 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Procter & Gamble by 7.0%, acquiring an additional 4,639 shares, bringing their total holdings to approximately $12.1 million.
• Procter & Gamble's recent quarterly earnings topped expectations with an EPS of $1.48, exceeding the consensus estimate of $1.42, and revenue also grew by 1.7% year-over-year.
• The company announced a $1.0568 quarterly dividend to be paid on August 15th, representing an annualized yield of 2.7%.

Tokio Marine Asset Management Co. Ltd. grew its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,994 shares of the company's stock after acquiring an additional 4,639 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Procter & Gamble were worth $12,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cladis Investment Advisory LLC grew its stake in shares of Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after acquiring an additional 236 shares in the last quarter. FAS Wealth Partners Inc. grew its stake in shares of Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after acquiring an additional 549 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock worth $62,098,000 after acquiring an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after acquiring an additional 4,562 shares in the last quarter. Finally, World Investment Advisors grew its stake in shares of Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after acquiring an additional 2,886 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 1.0%

Shares of NYSE:PG traded down $1.58 during trading on Thursday, reaching $153.83. 6,342,893 shares of the stock were exchanged, compared to its average volume of 7,504,851. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The stock has a fifty day moving average of $157.38 and a two-hundred day moving average of $163.37. The firm has a market cap of $360.32 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 4.10 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results 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. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Analyst Ratings Changes

Several research firms recently weighed in on PG. Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Finally, Wells Fargo & Company dropped their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $175.88.

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.