Vicus Capital reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 24.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,117 shares of the company’s stock after selling 1,032 shares during the quarter. Vicus Capital’s holdings in Procter & Gamble were worth $343,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $3,338,757,000. Janus Henderson Group PLC grew its stake in shares of Procter & Gamble by 117.4% in the fourth quarter. Janus Henderson Group PLC now owns 6,252,849 shares of the company’s stock worth $780,951,000 after purchasing an additional 3,376,626 shares during the last quarter. Man Group plc grew its stake in shares of Procter & Gamble by 81.8% in the fourth quarter. Man Group plc now owns 2,735,582 shares of the company’s stock worth $341,674,000 after purchasing an additional 1,231,124 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Procter & Gamble by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock worth $5,161,642,000 after purchasing an additional 1,216,202 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Procter & Gamble by 158.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,919,565 shares of the company’s stock worth $239,754,000 after purchasing an additional 1,177,862 shares during the last quarter. 64.03% of the stock is currently owned by hedge funds and other institutional investors.

In other Procter & Gamble news, Director Nelson Peltz sold 404,714 shares of Procter & Gamble stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $113.01, for a total value of $45,736,729.14. Following the completion of the sale, the director now owns 3,891 shares of the company’s stock, valued at approximately $439,721.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Deborah P. Majoras sold 12,589 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $122.68, for a total transaction of $1,544,418.52. Following the completion of the sale, the insider now directly owns 44,948 shares of the company’s stock, valued at approximately $5,514,220.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,802,488 shares of company stock valued at $1,048,532,939. 1.75% of the stock is currently owned by insiders.

Shares of NYSE PG opened at $114.61 on Friday. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $128.09. The firm has a market cap of $287.05 billion, a P/E ratio of 64.75, a PEG ratio of 3.26 and a beta of 0.44. The company has a 50 day moving average of $115.71 and a 200 day moving average of $120.53. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 17th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The business had revenue of $17.21 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Co will post 4.95 earnings per share for the current fiscal year.

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

Several analysts have commented on PG shares. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Morgan Stanley raised their price objective on shares of Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Citigroup raised their price objective on shares of Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Bank of America restated a “buy” rating and issued a $135.00 price objective on shares of Procter & Gamble in a report on Saturday, April 18th. Finally, Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $117.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Procter & Gamble presently has a consensus rating of “Buy” and a consensus target price of $130.31.

About Procter & Gamble

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.

Further Reading: What is the balance sheet?

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

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