British Airways Pensions Investment Management Ltd trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 32.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 398,266 shares of the company’s stock after selling 188,374 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in Procter & Gamble Company (The) were worth $34,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC raised its holdings in shares of Procter & Gamble Company (The) by 4.5% in the second quarter. Fisher Asset Management LLC now owns 8,635,829 shares of the company’s stock valued at $752,613,000 after purchasing an additional 370,067 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Procter & Gamble Company (The) by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,803,068 shares of the company’s stock valued at $701,106,000 after purchasing an additional 69,511 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Procter & Gamble Company (The) by 2.4% in the second quarter. Acadian Asset Management LLC now owns 4,532,526 shares of the company’s stock valued at $395,010,000 after purchasing an additional 106,509 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Procter & Gamble Company (The) by 1.6% in the second quarter. TD Asset Management Inc. now owns 4,448,094 shares of the company’s stock valued at $387,652,000 after purchasing an additional 68,266 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Procter & Gamble Company (The) by 0.9% in the first quarter. Clearbridge Investments LLC now owns 4,216,380 shares of the company’s stock valued at $378,842,000 after purchasing an additional 36,104 shares during the last quarter. 59.74% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company (PG) opened at $86.58 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. The firm has a market cap of $219,649.83, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. Procter & Gamble Company has a 1 year low of $81.18 and a 1 year high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. sell-side analysts expect that Procter & Gamble Company will post 4.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be given a dividend of $0.6896 per share. The ex-dividend date is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.19%. Procter & Gamble Company (The)’s dividend payout ratio is presently 48.51%.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $558,038.52. Following the completion of the transaction, the insider now owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The disclosure for this sale can be found here. Insiders have sold 38,136 shares of company stock valued at $3,525,029 in the last quarter. Company insiders own 0.35% of the company’s stock.

Several brokerages have recently commented on PG. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 target price (up previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Wednesday, September 20th. Macquarie began coverage on shares of Procter & Gamble Company (The) in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 target price for the company. Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 target price for the company in a report on Friday, September 15th. Bank of America Corporation increased their target price on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Finally, Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $88.83.

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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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