The Procter & Gamble Company (NYSE:PG) Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,863 shares of the company’s stock after purchasing an additional 10,784 shares during the quarter. DNB Asset Management AS’s holdings in The Procter & Gamble were worth $55,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Baystate Wealth Management LLC boosted its stake in shares of The Procter & Gamble by 4.3% during the 3rd quarter. Baystate Wealth Management LLC now owns 14,228 shares of the company’s stock worth $1,978,000 after purchasing an additional 593 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of The Procter & Gamble by 1.9% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 485,207 shares of the company’s stock valued at $67,439,000 after buying an additional 9,214 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of The Procter & Gamble by 6.4% during the third quarter. North Star Investment Management Corp. now owns 49,279 shares of the company’s stock valued at $6,849,000 after buying an additional 2,967 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in The Procter & Gamble during the third quarter worth approximately $2,023,000. Finally, Signature Estate & Investment Advisors LLC grew its stake in The Procter & Gamble by 9.1% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,134 shares of the company’s stock worth $297,000 after acquiring an additional 178 shares during the period. 62.81% of the stock is owned by hedge funds and other institutional investors.

In other The Procter & Gamble news, VP Valarie L. Sheppard sold 4,688 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total value of $648,256.64. Following the completion of the transaction, the vice president now owns 26,704 shares in the company, valued at approximately $3,692,629.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 14,800 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the completion of the sale, the vice president now directly owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The disclosure for this sale can be found here. In the last quarter, insiders sold 272,757 shares of company stock valued at $36,738,374. Insiders own 0.70% of the company’s stock.

PG opened at $144.39 on Friday. The Procter & Gamble Company has a 52-week low of $94.34 and a 52-week high of $145.87. The company has a 50 day moving average of $138.93 and a two-hundred day moving average of $125.52. The company has a market cap of $359.48 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.45 and a beta of 0.43. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The business had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $16.97 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 5.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a $0.7907 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s payout ratio is 61.72%.

PG has been the topic of several analyst reports. SunTrust Banks raised their price objective on The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Morgan Stanley raised their price target on The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Jefferies Financial Group upped their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Barclays reissued a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $137.87.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

See Also: Which market index is the best?

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:PG).

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

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