Mn Services Vermogensbeheer B.V. Acquires 19,582 Shares of Procter & Gamble Company (The) $PG

Mn Services Vermogensbeheer B.V. boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 908,209 shares of the company’s stock after buying an additional 19,582 shares during the period. Procter & Gamble accounts for approximately 0.8% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 19th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Procter & Gamble were worth $130,155,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Czech National Bank grew its stake in Procter & Gamble by 3.8% during the third quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after buying an additional 21,825 shares during the last quarter. Westerkirk Capital Inc. acquired a new stake in shares of Procter & Gamble during the second quarter worth approximately $4,796,000. Vega Investment Solutions raised its stake in shares of Procter & Gamble by 1.3% in the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after acquiring an additional 8,500 shares during the last quarter. Triodos Investment Management BV boosted its holdings in shares of Procter & Gamble by 7.3% in the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $7,891,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Erste Group Bank cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Finally, Rothschild & Co Redburn upped their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.83.

Procter & Gamble Stock Performance

PG stock opened at $144.76 on Tuesday. The company has a 50 day moving average price of $153.93 and a 200 day moving average price of $149.97. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The stock has a market capitalization of $336.43 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 4.77 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Insider Activity

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the sale, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares in the company, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 348,618 shares of company stock worth $55,462,643. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Profile

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.