Te Ahumairangi Investment Management Ltd Has $8.13 Million Holdings in Procter & Gamble Company (The) $PG

Te Ahumairangi Investment Management Ltd lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.4% in the 3rd quarter, Holdings Channel reports. The fund owned 52,887 shares of the company’s stock after acquiring an additional 6,240 shares during the quarter. Procter & Gamble accounts for approximately 1.4% of Te Ahumairangi Investment Management Ltd’s investment portfolio, making the stock its 19th biggest position. Te Ahumairangi Investment Management Ltd’s holdings in Procter & Gamble were worth $8,126,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PG. WP Advisors LLC increased its holdings in Procter & Gamble by 4.9% during the 2nd quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock worth $224,000 after purchasing an additional 66 shares in the last quarter. Emprise Bank lifted its holdings in shares of Procter & Gamble by 2.5% in the third quarter. Emprise Bank now owns 2,766 shares of the company’s stock valued at $425,000 after purchasing an additional 68 shares in the last quarter. Affiance Financial LLC boosted its position in shares of Procter & Gamble by 2.5% during the third quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock worth $431,000 after buying an additional 69 shares during the period. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Procter & Gamble by 12.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 621 shares of the company’s stock worth $99,000 after buying an additional 71 shares in the last quarter. Finally, Dominguez Wealth Management Solutions Inc. grew its holdings in shares of Procter & Gamble by 0.3% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock worth $3,144,000 after buying an additional 71 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.6%

NYSE PG traded up $0.91 during trading hours on Friday, hitting $151.41. 1,008,131 shares of the company traded hands, compared to its average volume of 11,198,058. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The business’s 50-day moving average is $153.14 and its 200-day moving average is $151.07. The stock has a market capitalization of $351.87 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 5.12 and a beta of 0.37. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is presently 62.67%.

Analyst Ratings Changes

PG has been the topic of several research reports. TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and boosted their target price for the company from $150.00 to $156.00 in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. UBS Group boosted their price objective on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, BNP Paribas Exane decreased their target price on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Insider Activity

In other news, insider Susan Street Whaley sold 1,809 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the transaction, the insider directly owned 30,215 shares in the company, valued at $4,818,083.90. The trade was a 5.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the sale, the chairman directly owned 319,385 shares in the company, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by corporate insiders.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.