Nippon Life Insurance Co. cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,893 shares of the company’s stock after selling 13,020 shares during the period. Procter & Gamble Company (The) accounts for 0.7% of Nippon Life Insurance Co.’s portfolio, making the stock its 22nd largest position. Nippon Life Insurance Co.’s holdings in Procter & Gamble Company (The) were worth $33,864,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aviva PLC increased its stake in shares of Procter & Gamble Company (The) by 3.7% in the fourth quarter. Aviva PLC now owns 1,968,906 shares of the company’s stock valued at $165,782,000 after buying an additional 70,171 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of Procter & Gamble Company (The) by 1.1% in the first quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock valued at $1,259,000 after buying an additional 150 shares during the period. MML Investors Services LLC acquired a new stake in Procter & Gamble Company (The) during the fourth quarter valued at approximately $277,000. Shelton Capital Management boosted its stake in Procter & Gamble Company (The) by 6.6% in the fourth quarter. Shelton Capital Management now owns 154,754 shares of the company’s stock valued at $13,012,000 after buying an additional 9,560 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Procter & Gamble Company (The) by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 1,073,935 shares of the company’s stock valued at $90,297,000 after buying an additional 5,367 shares in the last quarter. Institutional investors and hedge funds own 59.78% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded down 0.2860% during mid-day trading on Friday, reaching $90.6001. The company had a trading volume of 3,592,286 shares. The firm’s 50-day moving average price is $88.56 and its 200-day moving average price is $88.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.00. The stock has a market cap of $231.33 billion, a PE ratio of 16.1959 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.52% and a net margin of 23.56%. The firm had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the prior year, the company earned $0.79 EPS. The company’s revenue was down .1% on a year-over-year basis. Equities research analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be paid a dividend of $0.6896 per share. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.04%. Procter & Gamble Company (The)’s dividend payout ratio is 49.37%.

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Several research firms recently commented on PG. Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday. Jefferies Group LLC reiterated a “buy” rating and set a $103.00 price target (up from $101.00) on shares of Procter & Gamble Company (The) in a research report on Tuesday, April 18th. Stifel Nicolaus reiterated a “hold” rating and set a $90.00 price target (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 price target (up from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $88.21.

In other news, insider Ioannis Skoufalos sold 3,879 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 203,898 shares of company stock valued at $17,666,387. Company insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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