Gs Investments Inc. grew its stake in Procter & Gamble Co (NYSE:PG) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,737 shares of the company’s stock after acquiring an additional 539 shares during the period. Procter & Gamble accounts for 1.7% of Gs Investments Inc.’s holdings, making the stock its 22nd biggest holding. Gs Investments Inc.’s holdings in Procter & Gamble were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Procter & Gamble by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock worth $5,161,642,000 after acquiring an additional 1,216,202 shares in the last quarter. Norges Bank purchased a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $3,338,757,000. Bank of New York Mellon Corp lifted its position in shares of Procter & Gamble by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 25,032,488 shares of the company’s stock worth $2,753,574,000 after purchasing an additional 600,867 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Procter & Gamble by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,341,606 shares of the company’s stock worth $1,916,167,000 after purchasing an additional 305,661 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Procter & Gamble by 6.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,083,885 shares of the company’s stock worth $1,219,227,000 after purchasing an additional 666,406 shares during the period. Institutional investors and hedge funds own 64.03% of the company’s stock.

In related news, Director Nelson Peltz sold 404,714 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $113.01, for a total transaction of $45,736,729.14. Following the sale, the director now owns 3,891 shares in the company, valued at $439,721.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 25,600 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $119.50, for a total transaction of $3,059,200.00. Following the sale, the vice president now owns 50,598 shares in the company, valued at approximately $6,046,461. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,802,488 shares of company stock worth $1,048,532,939. 1.75% of the stock is owned by company insiders.

A number of research firms recently commented on PG. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b” rating in a research report on Tuesday, April 14th. Royal Bank of Canada reissued a “hold” rating and set a $120.00 target price on shares of Procter & Gamble in a research report on Tuesday, April 14th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and decreased their target price for the company from $130.00 to $128.00 in a research report on Monday, March 30th. Citigroup increased their target price on shares of Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Argus raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, March 26th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $130.31.

NYSE:PG opened at $114.61 on Friday. The firm has a market capitalization of $287.05 billion, a P/E ratio of 64.75, a PEG ratio of 3.26 and a beta of 0.44. Procter & Gamble Co has a 1-year low of $94.34 and a 1-year high of $128.09. The company’s fifty day moving average price is $115.71 and its 200-day moving average price is $120.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.83 and a quick ratio of 0.66.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. The firm had revenue of $17.21 billion for the quarter, compared to analyst estimates of $17.29 billion. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share. Equities analysts anticipate that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a $0.7907 dividend. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio is presently 69.91%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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