State Treasurer State of Michigan boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,344,203 shares of the company’s stock after buying an additional 150,900 shares during the period. Procter & Gamble Company (The) comprises approximately 1.5% of State Treasurer State of Michigan’s holdings, making the stock its 12th largest position. State Treasurer State of Michigan’s holdings in Procter & Gamble Company (The) were worth $204,297,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $1,918,188,000. Fisher Asset Management LLC boosted its stake 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 worth $752,613,000 after buying an additional 370,067 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake 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 worth $701,106,000 after buying an additional 69,511 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Procter & Gamble Company (The) by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 5,852,480 shares of the company’s stock worth $492,077,000 after buying an additional 87,274 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake 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 worth $378,842,000 after buying an additional 36,104 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Shares of Procter & Gamble Company (PG) traded up 0.526% on Wednesday, reaching $92.685. 3,986,882 shares of the company’s stock traded hands. The firm has a market cap of $236.35 billion, a P/E ratio of 16.572 and a beta of 0.68. The company’s 50-day moving average price is $89.19 and its 200 day moving average price is $89.03. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.95.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. During the same period last year, the firm earned $0.79 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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PG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Tuesday, August 1st. Vetr cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective for the company. in a report on Monday, July 3rd. Stifel Nicolaus reduced their price objective on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating for the company in a report on Thursday, April 27th. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $5.00 to $2.00 in a research note on Thursday, June 22nd. Finally, BidaskClub cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Procter & Gamble Company (The) has an average rating of “Hold” and a consensus target price of $87.81.

In other news, insider Ioannis Skoufalos sold 3,879 shares of Procter & Gamble Company (The) stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrice Louvet sold 29,621 shares of Procter & Gamble Company (The) stock in a transaction on 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 directly owns 76,651 shares of the company’s stock, valued at $6,592,752.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,548 shares of company stock valued at $12,287,453. Insiders own 0.35% of the company’s stock.

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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