Shell Asset Management Co. lowered its position in shares of Procter & Gamble Co. (NYSE:PG) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 633,879 shares of the company’s stock after selling 35,129 shares during the period. Procter & Gamble Co. makes up approximately 1.4% of Shell Asset Management Co.’s holdings, making the stock its 5th largest position. Shell Asset Management Co.’s holdings in Procter & Gamble Co. were worth $56,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Procter & Gamble Co. by 1.8% in the second quarter. Vanguard Group Inc. now owns 167,926,302 shares of the company’s stock worth $14,218,321,000 after buying an additional 3,029,476 shares during the period. State Street Corp increased its stake in 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 during the period. Capital World Investors increased its stake in Procter & Gamble Co. by 0.7% in the second quarter. Capital World Investors now owns 53,097,172 shares of the company’s stock worth $4,495,738,000 after buying an additional 376,640 shares during the period. BlackRock Fund Advisors increased its stake in Procter & Gamble Co. by 5.5% in the second quarter. BlackRock Fund Advisors now owns 37,893,606 shares of the company’s stock worth $3,208,452,000 after buying an additional 1,964,364 shares during the period. Finally, BlackRock Group LTD increased its stake in Procter & Gamble Co. by 1.1% in the second quarter. BlackRock Group LTD now owns 23,158,248 shares of the company’s stock worth $1,960,808,000 after buying an additional 249,455 shares during the period. 58.95% of the stock is owned by institutional investors.

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

Procter & Gamble Co. (NYSE:PG) opened at 85.93 on Thursday. The firm has a market capitalization of $229.95 billion, a price-to-earnings ratio of 22.92 and a beta of 0.62. Procter & Gamble Co. has a one year low of $73.95 and a one year high of $90.33. The stock’s 50 day moving average price is $87.50 and its 200-day moving average price is $85.23.

Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The firm had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.49 billion. Procter & Gamble Co. had a return on equity of 17.95% and a net margin of 16.27%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, equities research analysts anticipate that Procter & Gamble Co. will post $3.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders 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 yield of 3.12%. The ex-dividend date is Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio (DPR) is currently 71.66%.

PG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Procter & Gamble Co. from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Argus upgraded Procter & Gamble Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.54 to $103.00 in a report on Wednesday, October 12th. Stifel Nicolaus set a $93.00 price target on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Deutsche Bank AG restated a “buy” rating and issued a $92.00 price target (up previously from $85.00) on shares of Procter & Gamble Co. in a report on Sunday, July 24th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $88.00 price target (up previously from $81.00) on shares of Procter & Gamble Co. in a report on Friday, July 15th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.05.

In other news, insider Price Matthew sold 3,081 shares of Procter & Gamble Co. stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $86.90, for a total transaction of $267,738.90. Following the sale, the insider now owns 14,962 shares of the company’s stock, valued at approximately $1,300,197.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Juan Fernando Posada sold 3,501 shares of Procter & Gamble Co. stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total value of $313,339.50. Following the sale, the insider now directly owns 19,953 shares in the company, valued at approximately $1,785,793.50. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

About Procter & Gamble Co.

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

5 Day Chart for NYSE:PG

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