Canada Pension Plan Investment Board Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Canada Pension Plan Investment Board grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 34.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,823,960 shares of the company’s stock after purchasing an additional 1,244,692 shares during the quarter. The Procter & Gamble makes up about 0.8% of Canada Pension Plan Investment Board’s holdings, making the stock its 23rd largest position. Canada Pension Plan Investment Board owned 0.20% of The Procter & Gamble worth $653,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PG. Emerson Wealth Management LLC acquired a new stake in shares of The Procter & Gamble during the first quarter worth about $26,000. Luken Investment Analytics LLC acquired a new stake in The Procter & Gamble in the fourth quarter valued at about $34,000. Grant Street Asset Management Inc. acquired a new stake in The Procter & Gamble in the fourth quarter valued at about $43,000. Goodwin Investment Advisory acquired a new stake in The Procter & Gamble in the first quarter valued at about $43,000. Finally, Wagner Wealth Management LLC acquired a new stake in The Procter & Gamble in the first quarter valued at about $79,000. Institutional investors and hedge funds own 62.86% of the company’s stock.

In other news, insider Carolyn M. Tastad sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 26th. The stock was sold at an average price of $138.20, for a total value of $414,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jon R. Moeller sold 132,151 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $134.61, for a total value of $17,788,846.11. Following the completion of the transaction, the chief operating officer now owns 253,823 shares of the company’s stock, valued at approximately $34,167,114.03. The disclosure for this sale can be found here. Insiders sold 2,193,740 shares of company stock worth $295,603,005 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Shares of PG stock traded down $1.48 on Thursday, reaching $137.72. 335,798 shares of the stock were exchanged, compared to its average volume of 7,189,383. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The stock has a market cap of $337.17 billion, a PE ratio of 25.64, a P/E/G ratio of 3.36 and a beta of 0.43. The stock’s 50 day moving average price is $136.03. The Procter & Gamble Company has a 1-year low of $121.54 and a 1-year high of $146.92.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Monday, April 19th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The company had revenue of $18.10 billion during the quarter, compared to analyst estimates of $18 billion. The Procter & Gamble had a return on equity of 31.71% and a net margin of 18.97%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, equities analysts forecast that The Procter & Gamble Company will post 5.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 16th. Investors of record on Friday, July 23rd will be given a dividend of $0.8698 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, July 22nd. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.66. The Procter & Gamble’s dividend payout ratio is 67.97%.

PG has been the subject of a number of research reports. Zacks Investment Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research report on Tuesday. Morgan Stanley dropped their price objective on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, April 19th. reissued a “neutral” rating and set a $150.00 price objective (down from $165.00) on shares of The Procter & Gamble in a research note on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday, April 21st. Finally, Citigroup cut shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 21st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $148.88.

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.

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

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