Nippon Life Global Investors Americas Inc. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,750 shares of the company’s stock after selling 11,760 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Procter & Gamble Company (The) were worth $8,963,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. raised its stake in 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 valued at $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in 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 valued at $144,000 after buying an additional 170 shares during the last quarter. Edge Wealth Management LLC raised its stake in 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 valued at $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter valued at $184,000. Finally, Intellectus Partners LLC bought a new stake in Procter & Gamble Company (The) during the fourth quarter valued at $215,000. Institutional investors own 59.69% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded down 0.44% during trading on Friday, hitting $91.34. The stock had a trading volume of 7,094,246 shares. The stock has a market cap of $232.92 billion, a price-to-earnings ratio of 16.33 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.08. The company’s 50 day moving average price is $89.05 and its 200 day moving average price is $88.93.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion for 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%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. Equities research analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be issued a dividend of $0.6896 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

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Several analysts recently weighed in on the company. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price target on the stock in a report on Wednesday, April 26th. Royal Bank Of Canada restated a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Deutsche Bank AG restated a “hold” rating and set a $92.00 price target (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. UBS AG restated a “buy” rating and set a $102.00 price target (down previously from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a $103.00 price target (up previously from $101.00) on shares of Procter & Gamble Company (The) in a report on Tuesday, April 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Procter & Gamble Company (The) presently has an average rating of “Hold” and a consensus target price of $87.81.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 29,621 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 76,651 shares in the company, valued at approximately $6,592,752.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $86.17, for a total value of $334,253.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,898 shares of company stock worth $17,666,387. 0.35% of the stock is owned by company insiders.

Procter & Gamble Company (The) Company Profile

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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