Perkins Coie Trust Co Has $6.64 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Perkins Coie Trust Co raised its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,934 shares of the company’s stock after buying an additional 390 shares during the quarter. Procter & Gamble comprises 1.6% of Perkins Coie Trust Co’s investment portfolio, making the stock its 15th largest holding. Perkins Coie Trust Co’s holdings in Procter & Gamble were worth $6,641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Procter & Gamble by 9.4% during the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares during the period. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter valued at about $3,956,117,000. Charles Schwab Investment Management Inc. lifted its stake in Procter & Gamble by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after buying an additional 206,165 shares during the period. Royal Bank of Canada lifted its stake in Procter & Gamble by 3.2% in the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after buying an additional 346,925 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Procter & Gamble by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after buying an additional 559,358 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 in the last three months. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Argus increased their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. BNP Paribas initiated coverage on shares of Procter & Gamble in a report on Monday. They issued an “outperform” rating and a $187.00 price objective on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $170.72.

Check Out Our Latest Stock Analysis on Procter & Gamble

Procter & Gamble Price Performance

NYSE:PG traded up $0.26 during mid-day trading on Monday, hitting $168.52. 7,565,196 shares of the stock traded hands, compared to its average volume of 6,579,720. The business’s 50-day moving average price is $164.85 and its 200 day moving average price is $158.32. The company has a market cap of $397.73 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the company earned $1.37 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Featured Stories

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.