Nan Shan Life Insurance Co. Ltd. Decreases Stake in The Procter & Gamble Company (NYSE:PG)


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Nan Shan Life Insurance Co. Ltd. lowered its stake in The Procter & Gamble Company (NYSE:PG) by 36.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,364 shares of the company’s stock after selling 84,299 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in The Procter & Gamble were worth $20,504,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in The Procter & Gamble by 67.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,579,647 shares of the company’s stock valued at $1,192,485,000 after acquiring an additional 3,446,672 shares in the last quarter. Assenagon Asset Management S.A. grew its position in The Procter & Gamble by 356.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,084,005 shares of the company’s stock valued at $289,968,000 after buying an additional 1,627,649 shares during the period. Mawer Investment Management Ltd. increased its holdings in The Procter & Gamble by 98.0% in the fourth quarter. Mawer Investment Management Ltd. now owns 2,661,618 shares of the company’s stock valued at $370,293,000 after buying an additional 1,317,497 shares in the last quarter. First Trust Advisors LP raised its position in shares of The Procter & Gamble by 215.5% in the fourth quarter. First Trust Advisors LP now owns 1,487,220 shares of the company’s stock worth $206,932,000 after acquiring an additional 1,015,831 shares during the period. Finally, CIBC World Markets Inc. raised its position in shares of The Procter & Gamble by 157.1% in the fourth quarter. CIBC World Markets Inc. now owns 1,442,238 shares of the company’s stock worth $200,673,000 after acquiring an additional 881,275 shares during the period. Institutional investors and hedge funds own 63.05% of the company’s stock.

In related news, insider Marc S. Pritchard sold 95,163 shares of the firm’s stock in a transaction that occurred on Thursday, January 21st. The shares were sold at an average price of $130.65, for a total value of $12,433,045.95. Following the sale, the insider now owns 224,749 shares of the company’s stock, valued at $29,363,456.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nelson Peltz sold 107,372 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $128.00, for a total transaction of $13,743,616.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 917,982 shares of company stock valued at $120,898,322. Insiders own 0.70% of the company’s stock.

NYSE PG traded up $2.00 during trading on Tuesday, hitting $128.58. The stock had a trading volume of 417,650 shares, compared to its average volume of 7,732,347. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $316.63 billion, a PE ratio of 24.20, a PEG ratio of 3.25 and a beta of 0.38. The firm has a 50 day moving average price of $131.77 and a 200 day moving average price of $137.05. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $146.92.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 19th. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.13. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The business had revenue of $19.75 billion during the quarter, compared to analyst estimates of $19.23 billion. During the same quarter last year, the firm posted $1.42 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Friday, January 22nd were given a $0.7907 dividend. The ex-dividend date of this dividend was Thursday, January 21st. This represents a $3.16 annualized dividend and a yield of 2.46%. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on The Procter & Gamble from $156.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, January 13th. Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Friday, January 22nd. Stifel Nicolaus cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target for the company. in a research note on Thursday, January 28th. Sanford C. Bernstein initiated coverage on shares of The Procter & Gamble in a research report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 price target on the stock. Finally, Zacks Investment Research cut The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective on the stock. in a report on Thursday, January 21st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $146.75.

About The Procter & Gamble

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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