The Procter & Gamble Company (NYSE:PG) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 63.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 84,760 shares of the company’s stock after selling 145,870 shares during the period. Jupiter Asset Management Ltd.’s holdings in The Procter & Gamble were worth $11,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Emerson Wealth Management LLC purchased a new stake in shares of The Procter & Gamble during the 1st quarter worth about $26,000. Greenhouse Wealth Management LLC purchased a new position in The Procter & Gamble in the 4th quarter valued at about $31,000. Luken Investment Analytics LLC purchased a new position in The Procter & Gamble in the 4th quarter valued at about $34,000. Grant Street Asset Management Inc. purchased a new position in The Procter & Gamble in the 4th quarter valued at about $43,000. Finally, Goodwin Investment Advisory purchased a new position in The Procter & Gamble in the 1st quarter valued at about $43,000. 62.97% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on PG. Citigroup lowered shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 21st. Morgan Stanley cut their price objective on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, April 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and issued a $150.00 price objective (down previously from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, April 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, April 16th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $148.93.

In other news, Director Nelson Peltz sold 1,000,000 shares of The Procter & Gamble stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $134.65, for a total transaction of $134,650,000.00. Following the completion of the sale, the director now directly owns 5,390 shares of the company’s stock, valued at approximately $725,763.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 3,000 shares of The Procter & Gamble stock in a transaction on Wednesday, May 26th. The stock was sold at an average price of $138.20, for a total transaction of $414,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,219,280 shares of company stock valued at $299,094,832. Corporate insiders own 0.70% of the company’s stock.

Shares of PG stock opened at $135.79 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.52. The Procter & Gamble Company has a 52 week low of $113.76 and a 52 week high of $146.92. The stock has a market cap of $332.45 billion, a PE ratio of 25.01, a PEG ratio of 3.50 and a beta of 0.43. The firm has a 50 day simple moving average of $135.69.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Monday, April 19th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.97% and a return on equity of 31.71%. The company had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $18 billion. During the same quarter last year, the company posted $1.17 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that The Procter & Gamble Company will post 5.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 17th. Shareholders of record on Friday, April 23rd were given a $0.8698 dividend. This represents a $3.48 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, April 22nd. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s dividend payout ratio (DPR) is currently 67.97%.

About The Procter & Gamble

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

Further Reading: P/E Growth (PEG)

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

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