Korea Investment CORP Trims Holdings in Procter & Gamble Co (PG)

Korea Investment CORP reduced its position in shares of Procter & Gamble Co (NYSE:PG) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,651,945 shares of the company’s stock after selling 240,100 shares during the quarter. Korea Investment CORP owned about 0.07% of Procter & Gamble worth $128,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Procter & Gamble by 2.2% during the 2nd quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock valued at $12,969,690,000 after acquiring an additional 3,551,051 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in Procter & Gamble during the 2nd quarter valued at $241,094,000. C WorldWide Group Holding A S bought a new stake in Procter & Gamble during the 2nd quarter valued at $113,258,000. Unigestion Holding SA bought a new stake in Procter & Gamble during the 2nd quarter valued at $112,171,000. Finally, Summit Trail Advisors LLC boosted its position in Procter & Gamble by 5,093.3% during the 1st quarter. Summit Trail Advisors LLC now owns 1,189,633 shares of the company’s stock valued at $1,190,000 after acquiring an additional 1,166,726 shares in the last quarter. Institutional investors own 58.78% of the company’s stock.

Several analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $86.00 target price on shares of Procter & Gamble in a research report on Friday, November 9th. TD Securities reaffirmed a “hold” rating on shares of Procter & Gamble in a research report on Thursday, November 8th. Bank of America increased their target price on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, November 6th. ValuEngine raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research raised Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $88.38.

Procter & Gamble stock opened at $92.45 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $235.23 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.06 and a beta of 0.37. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $94.86.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. As a group, equities research analysts expect that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were paid a $0.7172 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a yield of 3.10%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.

In related news, insider Juan Fernando Posada sold 1,068 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $93.66, for a total value of $100,028.88. Following the completion of the transaction, the insider now owns 26,739 shares in the company, valued at approximately $2,504,374.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R. Alexandra Keith sold 1,463 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $89.89, for a total value of $131,509.07. Following the completion of the transaction, the insider now owns 45,018 shares of the company’s stock, valued at approximately $4,046,668.02. The disclosure for this sale can be found here. Insiders sold a total of 502,927 shares of company stock valued at $46,437,282 in the last 90 days. 1.84% of the stock is currently owned by company insiders.

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

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