Nan Shan Life Insurance Co. Ltd. Makes New $50.02 Million Investment in The Procter & Gamble Company (NYSE:PG)

Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 298,353 shares of the company's stock, valued at approximately $50,019,000. Procter & Gamble accounts for 1.2% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its 24th biggest holding.

Several other hedge funds have also added to or reduced their stakes in PG. NewSquare Capital LLC raised its stake in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Hoey Investments Inc. raised its stake in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $34,000. Finally, Atlantic Private Wealth LLC increased its position in shares of Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $0.87 during trading on Friday, reaching $163.28. 7,100,112 shares of the stock were exchanged, compared to its average volume of 7,226,242. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The firm has a market cap of $382.82 billion, a PE ratio of 26.00, a PEG ratio of 3.76 and a beta of 0.41. The stock has a 50-day moving average price of $164.50 and a 200-day moving average price of $167.29. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a $1.0568 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is 66.98%.

Insider Activity at Procter & Gamble

In related 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 completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,520 shares of company stock worth $10,999,268. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PG. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Citigroup lowered their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Raymond James lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $178.52.

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.