AIA Group Ltd Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

AIA Group Ltd lifted its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 47.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,454 shares of the company’s stock after acquiring an additional 466 shares during the period. AIA Group Ltd’s holdings in Procter & Gamble were worth $222,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Joseph Group Capital Management purchased a new position in Procter & Gamble in the 4th quarter valued at $1,527,000. Western Pacific Wealth Management LP purchased a new position in Procter & Gamble in the 4th quarter valued at $40,000. Retirement Group LLC grew its position in Procter & Gamble by 48.2% in the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after buying an additional 92 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Procter & Gamble in the 4th quarter valued at $50,000. Finally, IAG Wealth Partners LLC grew its position in Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock valued at $48,000 after buying an additional 75 shares during the last quarter. 63.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief executive officer now owns 5,026 shares in the company, valued at approximately $728,770. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Sundar G. Raman sold 1,599 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total transaction of $232,046.88. Following the transaction, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at approximately $580,770.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,026 shares in the company, valued at $728,770. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PG shares. Barclays lowered their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wells Fargo & Company reduced their target price on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Credit Suisse Group raised their target price on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Finally, Evercore ISI set a $170.00 target price on Procter & Gamble in a report on Monday, June 20th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Trading Up 0.0 %

NYSE:PG opened at $144.72 on Friday. The company has a market capitalization of $347.23 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 4.00 and a beta of 0.35. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35. The stock has a fifty day simple moving average of $142.90 and a 200-day simple moving average of $151.06.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The company had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.41 billion. Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 22nd will be given a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, July 21st. Procter & Gamble’s dividend payout ratio is presently 62.82%.

About Procter & Gamble

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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.

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

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