Nissay Asset Management Corp Japan ADV Has $53.44 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Nissay Asset Management Corp Japan ADV trimmed its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 315,226 shares of the company's stock after selling 185,736 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Procter & Gamble were worth $53,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PG. Regent Peak Wealth Advisors LLC grew its position in shares of Procter & Gamble by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock worth $1,855,000 after buying an additional 139 shares in the last quarter. Abound Wealth Management raised its stake in shares of Procter & Gamble by 113.7% in the 4th quarter. Abound Wealth Management now owns 4,197 shares of the company's stock valued at $704,000 after purchasing an additional 2,233 shares in the last quarter. Elevated Capital Advisors LLC lifted its holdings in Procter & Gamble by 46.0% during the 4th quarter. Elevated Capital Advisors LLC now owns 7,070 shares of the company's stock worth $1,185,000 after buying an additional 2,228 shares during the last quarter. Sunflower Bank N.A. lifted its position in shares of Procter & Gamble by 0.4% in the 4th quarter. Sunflower Bank N.A. now owns 109,594 shares of the company's stock worth $18,373,000 after buying an additional 389 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in Procter & Gamble by 80.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 119,940 shares of the company's stock valued at $20,108,000 after acquiring an additional 53,607 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. 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. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. 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 research report on Thursday, May 1st. Finally, Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $178.52.

Procter & Gamble Stock Performance

PG stock traded up $0.87 during midday trading on Friday, reaching $163.28. The stock had a trading volume of 7,100,112 shares, compared to its average volume of 7,226,242. The stock has a market cap of $382.82 billion, a PE ratio of 26.00, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The firm has a fifty day simple moving average of $164.50 and a two-hundred day simple moving average of $167.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Increases Dividend

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares of the company's stock, 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 accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, 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. Insiders sold a total of 64,520 shares of company stock worth $10,999,268 in the last 90 days. 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.