Procter & Gamble Company (The) $PG Position Raised by Groupama Asset Managment

Groupama Asset Managment raised its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 1.3% in the third quarter, HoldingsChannel.com reports. The firm owned 339,053 shares of the company’s stock after buying an additional 4,251 shares during the period. Groupama Asset Managment’s holdings in Procter & Gamble were worth $52,095,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble during the third quarter valued at about $25,000. Corundum Trust Company INC bought a new stake in Procter & Gamble in the third quarter worth about $32,000. Caitlin John LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at about $34,000. Marquette Asset Management LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at about $37,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Procter & Gamble during the 3rd quarter valued at about $40,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the sale, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 348,618 shares of company stock valued at $55,462,643 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 3.1%

PG stock opened at $146.71 on Thursday. 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 firm has a market capitalization of $340.96 billion, a P/E ratio of 21.74, a P/E/G ratio of 5.06 and a beta of 0.37. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $174.80. The company’s 50 day simple moving average is $153.95 and its 200-day simple moving average is $150.86.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 62.67%.

Analysts Set New Price Targets

A number of research firms recently commented on PG. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. Barclays set a $155.00 price target on Procter & Gamble in a report on Friday, January 16th. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.33.

View Our Latest Analysis on PG

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Procter & Gamble Profile

(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.

See Also

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)

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