Baillie Gifford & Co. increased its stake in Procter & Gamble Co (NYSE:PG) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,841 shares of the company’s stock after acquiring an additional 8,392 shares during the quarter. Baillie Gifford & Co.’s holdings in Procter & Gamble were worth $28,792,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. American International Group Inc. grew its position in Procter & Gamble by 448.0% in the 4th quarter. American International Group Inc. now owns 6,567,310 shares of the company’s stock valued at $603,404,000 after purchasing an additional 5,368,843 shares during the period. Franklin Resources Inc. grew its position in Procter & Gamble by 63.1% in the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after purchasing an additional 4,315,180 shares during the period. BlackRock Inc. grew its position in Procter & Gamble by 1.9% in the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after purchasing an additional 2,961,408 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in Procter & Gamble by 575.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,205,842 shares of the company’s stock valued at $294,553,000 after purchasing an additional 2,731,361 shares during the period. Finally, American Century Companies Inc. grew its position in Procter & Gamble by 17.9% in the 1st quarter. American Century Companies Inc. now owns 13,922,673 shares of the company’s stock valued at $1,103,790,000 after purchasing an additional 2,115,777 shares during the period. Institutional investors own 58.49% of the company’s stock.
PG opened at $83.45 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The firm has a market cap of $206.75 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.64 and a beta of 0.57. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. analysts expect that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Friday, July 20th were issued a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.
Several analysts recently issued reports on PG shares. Citigroup reduced their price target on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, July 20th. SunTrust Banks lifted their price objective on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Deutsche Bank lifted their price objective on shares of Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble to a “hold” rating and set a $79.00 price objective on the stock. in a report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $85.09.
In related news, SVP Valarie L. Sheppard sold 27,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total value of $2,177,820.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kathleen B. Fish sold 26,946 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total transaction of $2,170,500.30. The disclosure for this sale can be found here. Insiders sold a total of 147,186 shares of company stock worth $12,080,849 over the last three months. 1.84% of the stock is owned by insiders.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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