Waters Parkerson & CO. LLC Has $32.75 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Waters Parkerson & CO. LLC lessened its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 0.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 259,398 shares of the company’s stock after selling 751 shares during the quarter. Procter & Gamble accounts for approximately 2.2% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 13th largest position. Waters Parkerson & CO. LLC’s holdings in Procter & Gamble were worth $32,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PG. Price T Rowe Associates Inc. MD boosted its stake in shares of Procter & Gamble by 22.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after buying an additional 3,054,844 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Procter & Gamble by 108.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,339,628 shares of the company’s stock worth $421,628,000 after purchasing an additional 1,737,742 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Procter & Gamble by 3.6% during the second quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock worth $2,665,327,000 after buying an additional 637,095 shares in the last quarter. Walker Asset Management LLC increased its holdings in shares of Procter & Gamble by 6,101.2% during the second quarter. Walker Asset Management LLC now owns 592,901 shares of the company’s stock worth $89,111,000 after buying an additional 583,340 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Procter & Gamble by 12.8% in the second quarter. Bank of Montreal Can now owns 3,825,691 shares of the company’s stock valued at $613,680,000 after purchasing an additional 433,604 shares during the period. Institutional investors and hedge funds own 62.13% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 33,968 shares of Procter & Gamble stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the completion of the sale, the chief executive officer now directly owns 38,990 shares of the company’s stock, valued at approximately $5,358,785.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 33,968 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $137.44, for a total value of $4,668,561.92. Following the completion of the sale, the chief executive officer now directly owns 38,990 shares of the company’s stock, valued at $5,358,785.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar G. Raman sold 9,922 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the completion of the sale, the chief executive officer now directly owns 12,312 shares of the company’s stock, valued at $1,785,240. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,812 shares of company stock valued at $8,190,363. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, January 20th. Raymond James raised their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Jefferies Financial Group increased their price objective on shares of Procter & Gamble from $149.00 to $164.00 in a research note on Tuesday, November 22nd. Credit Suisse Group decreased their price target on shares of Procter & Gamble from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, November 15th. Finally, Evercore ISI decreased their price target on shares of Procter & Gamble to $145.00 in a research note on Thursday, October 20th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.00.

Procter & Gamble Price Performance

NYSE:PG traded down $2.81 during trading hours on Wednesday, hitting $139.01. The stock had a trading volume of 1,855,421 shares, compared to its average volume of 7,299,529. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37. The firm has a market capitalization of $327.94 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 3.93 and a beta of 0.42. The company has a 50 day simple moving average of $149.14 and a two-hundred day simple moving average of $141.99.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the previous year, the firm posted $1.66 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be issued a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, January 19th. Procter & Gamble’s dividend payout ratio is currently 64.04%.

Procter & Gamble Company Profile

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

Further Reading

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.