Achmea Investment Management B.V. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) during the first quarter, Holdings Channel reports. The fund bought 349,701 shares of the company’s stock, valued at approximately $31,421,000. Procter & Gamble Company (The) comprises approximately 1.5% of Achmea Investment Management B.V.’s holdings, making the stock its 6th largest position.

Several other institutional investors have also recently made changes to their positions in PG. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth approximately $8,515,000. Asset Planning Services Ltd. boosted its position in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares during the last quarter. Edge Wealth Management LLC boosted its position in shares of Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in shares of Procter & Gamble Company (The) during the first quarter worth approximately $184,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company (NYSE PG) traded up 0.70% during midday trading on Wednesday, reaching $92.85. The company’s stock had a trading volume of 2,166,833 shares. The firm’s 50-day moving average price is $89.19 and its 200-day moving average price is $89.03. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.91. The stock has a market capitalization of $236.77 billion, a PE ratio of 16.60 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS. On average, analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a $0.6896 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 2.99%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

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PG has been the subject of several recent research reports. UBS AG reaffirmed a “buy” rating and issued a $102.00 price target (down previously from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. BidaskClub raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Vetr cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target for the company. in a report on Monday, July 3rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and an average target price of $87.81.

In other news, insider Patrice Louvet sold 29,621 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $86.01, for a total transaction of $2,547,702.21. Following the completion of the sale, the insider now directly owns 76,651 shares in the company, valued at approximately $6,592,752.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders sold a total of 141,548 shares of company stock valued at $12,287,453 over the last quarter. 0.35% of the stock is currently owned by insiders.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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