Kentucky Retirement Systems acquired a new stake in Procter & Gamble Co. (NYSE:PG) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 226,358 shares of the company’s stock, valued at approximately $19,166,000. Procter & Gamble Co. comprises approximately 1.2% of Kentucky Retirement Systems’ investment portfolio, making the stock its 12th largest position.

A number of other large investors also recently modified their holdings of the company. Americafirst Capital Management LLC bought a new stake in shares of Procter & Gamble Co. during the second quarter valued at about $112,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Procter & Gamble Co. during the second quarter valued at about $122,000. Global X Management Co. LLC increased its stake in shares of Procter & Gamble Co. by 259.5% in the second quarter. Global X Management Co. LLC now owns 1,517 shares of the company’s stock valued at $128,000 after buying an additional 1,095 shares during the period. Lenox Wealth Advisors Inc. increased its stake in shares of Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock valued at $156,000 after buying an additional 10 shares during the period. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Procter & Gamble Co. during the second quarter valued at about $157,000. Hedge funds and other institutional investors own 58.80% of the company’s stock.

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

Shares of Procter & Gamble Co. (NYSE:PG) traded down 1.29% during trading on Friday, hitting $82.00. 14,565,456 shares of the stock traded hands. Procter & Gamble Co. has a 12 month low of $74.01 and a 12 month high of $90.33. The company has a 50 day moving average price of $87.22 and a 200 day moving average price of $85.23. The firm has a market cap of $219.43 billion, a price-to-earnings ratio of 21.87 and a beta of 0.62.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were given a dividend of $0.6695 per share. The ex-dividend date was Wednesday, October 19th. This represents a $2.68 annualized dividend and a yield of 3.27%. Procter & Gamble Co.’s payout ratio is presently 71.66%.

A number of research firms have recently weighed in on PG. B. Riley reiterated a “buy” rating and issued a $106.00 price target on shares of Procter & Gamble Co. in a research report on Monday, October 31st. Vetr downgraded shares of Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price target for the company. in a research report on Monday, August 1st. Jefferies Group reiterated a “buy” rating and issued a $98.00 price target on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. JPMorgan Chase & Co. set a $99.00 price target on shares of Procter & Gamble Co. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $92.00 price target (up from $90.00) on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $91.05.

In other Procter & Gamble Co. news, insider Jeffrey K. Schomburger sold 2,603 shares of Procter & Gamble Co. stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.16, for a total transaction of $226,877.48. Following the transaction, the insider now directly owns 33,188 shares of the company’s stock, valued at $2,892,666.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrice Louvet sold 3,220 shares of Procter & Gamble Co. stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $87.60, for a total transaction of $282,072.00. Following the transaction, the insider now directly owns 52,838 shares in the company, valued at $4,628,608.80. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Procter & Gamble Co. Company Profile

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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