State Board of Administration of Florida Retirement System trimmed its stake in Procter & Gamble Co (NYSE:PG) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,694,402 shares of the company’s stock after selling 17,640 shares during the quarter. Procter & Gamble accounts for 0.9% of State Board of Administration of Florida Retirement System’s portfolio, making the stock its 14th biggest holding. State Board of Administration of Florida Retirement System’s holdings in Procter & Gamble were worth $336,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PG. Asset Planning Services Ltd. lifted its holdings in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares in the last quarter. Winfield Associates Inc. lifted its holdings in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares in the last quarter. Cascade Investment Advisors Inc. lifted its holdings in shares of Procter & Gamble by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after purchasing an additional 17 shares in the last quarter. Iron Financial LLC lifted its holdings in shares of Procter & Gamble by 0.8% during the second quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock valued at $291,000 after purchasing an additional 25 shares in the last quarter. Finally, Davis Rea Ltd. lifted its holdings in shares of Procter & Gamble by 0.7% during the second quarter. Davis Rea Ltd. now owns 3,815 shares of the company’s stock valued at $332,000 after purchasing an additional 25 shares in the last quarter. 59.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Procter & Gamble Co (NYSE PG) opened at $89.61 on Friday. The company has a market capitalization of $227,336.81, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.87 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Co has a 1 year low of $83.44 and a 1 year high of $94.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. Procter & Gamble’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. equities analysts forecast that Procter & Gamble Co will post 4.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 48.51%.

PG has been the topic of a number of research analyst reports. Bank of America upped their price target on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Jefferies Group reaffirmed a “buy” rating and set a $104.00 price target (up from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus set a $87.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $89.31.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares in the company, valued at $5,100,293.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is owned by company insiders.

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Procter & Gamble 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 (NYSE:PG)

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