First Quadrant L P CA lowered its stake in Procter & Gamble Co. (NYSE:PG) by 18.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 494,127 shares of the company’s stock after selling 111,800 shares during the period. Procter & Gamble Co. makes up 0.9% of First Quadrant L P CA’s investment portfolio, making the stock its 16th largest position. First Quadrant L P CA’s holdings in Procter & Gamble Co. were worth $41,838,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Procter & Gamble Co. by 17.5% in the first quarter. Wellington Management Group LLP now owns 12,451,833 shares of the company’s stock worth $1,024,911,000 after buying an additional 1,852,661 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Procter & Gamble Co. during the first quarter worth $119,711,000. TIAA CREF Investment Management LLC raised its position in shares of Procter & Gamble Co. by 12.3% in the first quarter. TIAA CREF Investment Management LLC now owns 13,185,252 shares of the company’s stock worth $1,085,278,000 after buying an additional 1,441,177 shares in the last quarter. State Street Corp raised its position in shares of Procter & Gamble Co. by 1.1% in the first quarter. State Street Corp now owns 116,920,706 shares of the company’s stock worth $9,623,755,000 after buying an additional 1,310,690 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Procter & Gamble Co. by 15.0% in the first quarter. Teachers Advisors Inc. now owns 5,640,594 shares of the company’s stock worth $464,277,000 after buying an additional 736,576 shares in the last quarter. Institutional investors and hedge funds own 58.86% of the company’s stock.

Institutional Ownership by Quarter for Procter & Gamble Co. (NYSE:PG)

Procter & Gamble Co. (NYSE:PG) traded down 0.58% during midday trading on Tuesday, hitting $88.54. The stock had a trading volume of 11,723,100 shares. Procter & Gamble Co. has a 12-month low of $73.50 and a 12-month high of $90.33. The stock has a market cap of $236.29 billion, a P/E ratio of 23.97 and a beta of 0.54. The company’s 50-day moving average price is $88.14 and its 200 day moving average price is $84.61.

Procter & Gamble Co. (NYSE:PG) last issued its earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. On average, equities research analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Friday, October 21st will be issued a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.02%. Procter & Gamble Co.’s payout ratio is 72.63%.

Several analysts have weighed in on PG shares. Jefferies Group reissued a “buy” rating and issued a $95.00 target price on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Stifel Nicolaus set a $93.00 target price on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised Procter & Gamble Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Deutsche Bank AG reissued a “buy” rating and issued a $92.00 target price (up previously from $85.00) on shares of Procter & Gamble Co. in a report on Sunday, July 24th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $88.00 target price (up previously from $81.00) on shares of Procter & Gamble Co. in a report on Friday, July 15th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Procter & Gamble Co. presently has an average rating of “Buy” and an average target price of $89.49.

In other news, SVP Valarie L. Sheppard sold 32,532 shares of Procter & Gamble Co. stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $86.90, for a total transaction of $2,827,030.80. Following the transaction, the senior vice president now owns 28,397 shares in the company, valued at $2,467,699.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Taylor sold 72,525 shares of Procter & Gamble Co. stock in a transaction on Friday, August 5th. The shares were sold at an average price of $85.76, for a total value of $6,219,744.00. Following the transaction, the chief executive officer now owns 136,933 shares in the company, valued at approximately $11,743,374.08. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

5 Day Chart for NYSE:PG

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