Shell Asset Management Co. decreased its stake in shares of Procter & Gamble (NYSE:PG) by 38.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 453,398 shares of the company’s stock after selling 278,134 shares during the quarter. Procter & Gamble accounts for 0.8% of Shell Asset Management Co.’s holdings, making the stock its 19th largest position. Shell Asset Management Co.’s holdings in Procter & Gamble were worth $41,658,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PG. Truepoint Inc. increased its stake in Procter & Gamble by 8,711.3% in the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after acquiring an additional 26,584,514 shares during the period. Legal & General Group Plc increased its stake in Procter & Gamble by 2.0% in the third quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after acquiring an additional 277,715 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Procter & Gamble by 9.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock valued at $1,180,687,000 after acquiring an additional 1,064,665 shares during the period. American Century Companies Inc. increased its stake in Procter & Gamble by 3.5% in the fourth quarter. American Century Companies Inc. now owns 11,806,896 shares of the company’s stock valued at $1,084,818,000 after acquiring an additional 401,855 shares during the period. Finally, Swiss National Bank increased its stake in Procter & Gamble by 0.9% in the third quarter. Swiss National Bank now owns 10,346,488 shares of the company’s stock valued at $941,323,000 after acquiring an additional 93,600 shares during the period. Institutional investors own 63.02% of the company’s stock.

In other news, insider Steven D. Bishop sold 2,075 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $71.87, for a total transaction of $149,130.25. Following the transaction, the insider now directly owns 42,524 shares in the company, valued at $3,056,199.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. Insiders have sold 45,456 shares of company stock worth $3,663,460 over the last quarter. 0.35% of the stock is owned by company insiders.

A number of research firms recently weighed in on PG. JPMorgan Chase upped their target price on shares of Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. SunTrust Banks reissued a “hold” rating and issued a $90.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Morgan Stanley upped their target price on shares of Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Finally, Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble has an average rating of “Hold” and an average target price of $82.85.

Procter & Gamble opened at $73.96 on Friday, MarketBeat.com reports. The stock has a market capitalization of $183.91 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.36 and a beta of 0.58. Procter & Gamble has a 12 month low of $72.98 and a 12 month high of $73.65. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The firm had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts predict that Procter & Gamble will post 4.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th were given a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date was Thursday, April 19th. Procter & Gamble’s dividend payout ratio is presently 73.21%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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