Wilkins Investment Counsel Inc. lessened its stake in Procter & Gamble Co (NYSE:PG) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,772 shares of the company’s stock after selling 2,772 shares during the quarter. Procter & Gamble makes up 4.1% of Wilkins Investment Counsel Inc.’s holdings, making the stock its 3rd biggest position. Wilkins Investment Counsel Inc.’s holdings in Procter & Gamble were worth $13,791,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. FMR LLC boosted its holdings in shares of Procter & Gamble by 26.4% in the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after buying an additional 7,389,251 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Procter & Gamble by 15,168.2% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,936,221 shares of the company’s stock valued at $269,897,000 after buying an additional 2,916,990 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Procter & Gamble by 24.3% in the 4th quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock valued at $797,192,000 after buying an additional 1,698,051 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Procter & Gamble by 150.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,803,802 shares of the company’s stock valued at $308,683,000 after acquiring an additional 1,682,777 shares during the period. Finally, Thoroughbred Financial Services LLC raised its stake in Procter & Gamble by 11,029.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,107,725 shares of the company’s stock valued at $110,772,000 after acquiring an additional 1,097,772 shares during the period. 62.57% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the company. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Morgan Stanley set a $129.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Monday, August 12th. Deutsche Bank increased their price target on Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, June 17th. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price target for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. Finally, TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $108.15.
PG stock traded down $0.95 during trading hours on Monday, hitting $120.23. 5,585,421 shares of the stock were exchanged, compared to its average volume of 7,365,574. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $303.27 billion, a P/E ratio of 26.60, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a 50-day simple moving average of $116.86 and a two-hundred day simple moving average of $108.04. Procter & Gamble Co has a 12 month low of $78.49 and a 12 month high of $122.00.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. On average, equities research analysts predict that Procter & Gamble Co will post 4.84 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s payout ratio is 65.93%.
In related news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $116.00, for a total value of $4,295,132.00. Following the sale, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at $13,073,548. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Valarie L. Sheppard sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total value of $2,043,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 448,674 shares of company stock worth $53,197,461 in the last quarter. Company insiders own 1.84% of the company’s stock.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
Recommended Story: How to Trade Using Analysts Ratings
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.