Procter & Gamble Company (The) $PG Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 6.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 188,214 shares of the company’s stock after selling 12,258 shares during the quarter. Procter & Gamble comprises approximately 0.8% of Dai ichi Life Insurance Company Ltd’s investment portfolio, making the stock its 23rd biggest position. Dai ichi Life Insurance Company Ltd’s holdings in Procter & Gamble were worth $27,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC lifted its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Evolution Wealth Management Inc. raised its position in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth $26,000. Finally, Maseco LLP acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $28,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

More Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Analysts Set New Price Targets

Several research firms recently issued reports on PG. Evercore set a $162.00 target price on Procter & Gamble in a research note on Monday, April 27th. Raymond James Financial cut their price target on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. BMO Capital Markets increased their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.74.

Read Our Latest Analysis on PG

Procter & Gamble Stock Up 0.2%

PG stock opened at $147.30 on Friday. The company’s 50 day moving average price is $147.33 and its 200 day moving average price is $148.70. The firm has a market capitalization of $343.00 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 7.31 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The company had revenue of $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 24th. Procter & Gamble’s dividend payout ratio is 63.60%.

About Procter & Gamble

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

Read More

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

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.