Unigestion Holding SA Trims Holdings in The Procter & Gamble Company (NYSE:PG)

Unigestion Holding SA lowered its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 57.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,638 shares of the company's stock after selling 147,253 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Unigestion Holding SA's holdings, making the stock its 28th largest holding. Unigestion Holding SA's holdings in Procter & Gamble were worth $18,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Planned Solutions Inc. increased its position in Procter & Gamble by 5.7% in the first quarter. Planned Solutions Inc. now owns 4,058 shares of the company's stock worth $692,000 after purchasing an additional 218 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Procter & Gamble by 4.6% in the 1st quarter. RFG Advisory LLC now owns 42,510 shares of the company's stock worth $7,245,000 after buying an additional 1,858 shares in the last quarter. Swisher Financial Concepts Inc. raised its position in shares of Procter & Gamble by 2.4% during the 1st quarter. Swisher Financial Concepts Inc. now owns 4,826 shares of the company's stock valued at $823,000 after buying an additional 111 shares in the last quarter. InvesTrust lifted its holdings in shares of Procter & Gamble by 0.4% in the 1st quarter. InvesTrust now owns 40,908 shares of the company's stock valued at $6,972,000 after acquiring an additional 162 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in Procter & Gamble by 6.7% in the first quarter. Merit Financial Group LLC now owns 110,788 shares of the company's stock worth $18,881,000 after acquiring an additional 6,951 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PG shares. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Citigroup dropped their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI increased their price objective on shares of Procter & Gamble from $170.00 to $190.00 and gave the stock an "outperform" rating in a research report on Tuesday. Eight investment 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble Stock Down 2.0%

Shares of NYSE:PG traded down $3.33 on Thursday, reaching $162.62. The company had a trading volume of 10,339,004 shares, compared to its average volume of 7,318,075. The firm has a market capitalization of $381.27 billion, a PE ratio of 25.89, a PEG ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The firm's 50 day simple moving average is $164.30 and its 200-day simple moving average is $167.37.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. The company 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 firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.60%. Procter & Gamble's dividend payout ratio is presently 66.98%.

Insider Buying and Selling at Procter & Gamble

In related 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 sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's 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 transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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.