Board of the Pension Protection Fund Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Board of the Pension Protection Fund purchased a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,900 shares of the company’s stock, valued at approximately $486,000.

Several other large investors have also recently made changes to their positions in PG. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the second quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble during the third quarter worth $33,000. Quest Partners LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at $36,000. Costello Asset Management INC boosted its position in shares of Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares in the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new position in Procter & Gamble during the 2nd quarter worth $58,000. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI raised their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research note on Monday, September 30th. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Friday, December 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Stock Up 0.0 %

PG stock opened at $159.75 on Thursday. The Procter & Gamble Company has a one year low of $146.28 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm’s fifty day moving average is $169.40 and its 200 day moving average is $169.52. The firm has a market cap of $376.22 billion, a PE ratio of 27.54, a P/E/G ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 EPS. On average, research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.52%. Procter & Gamble’s dividend payout ratio (DPR) is 69.31%.

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.