Procter & Gamble Co (PG) Shares Bought by Commonwealth Bank of Australia

Commonwealth Bank of Australia lifted its stake in Procter & Gamble Co (NYSE:PG) by 16.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,546 shares of the company’s stock after acquiring an additional 43,129 shares during the period. Commonwealth Bank of Australia’s holdings in Procter & Gamble were worth $24,232,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PG. Dai Ichi Life Insurance Company Ltd lifted its position in Procter & Gamble by 9.6% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 544,109 shares of the company’s stock worth $42,473,000 after purchasing an additional 47,855 shares during the period. Reilly Herbert Faulkner III lifted its position in Procter & Gamble by 25.5% in the second quarter. Reilly Herbert Faulkner III now owns 68,994 shares of the company’s stock worth $5,386,000 after purchasing an additional 14,000 shares during the period. Envestnet Asset Management Inc. lifted its position in Procter & Gamble by 108.0% in the second quarter. Envestnet Asset Management Inc. now owns 273,575 shares of the company’s stock worth $21,355,000 after purchasing an additional 142,076 shares during the period. Chilton Investment Co. LLC bought a new position in Procter & Gamble in the second quarter worth $495,000. Finally, Stephens Inc. AR lifted its position in Procter & Gamble by 8.8% in the second quarter. Stephens Inc. AR now owns 240,652 shares of the company’s stock worth $18,785,000 after purchasing an additional 19,409 shares during the period. Institutional investors and hedge funds own 58.78% of the company’s stock.

Shares of NYSE PG opened at $92.45 on Friday. The firm has a market cap of $235.23 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 3.06 and a beta of 0.37. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $94.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The company 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 revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. As a group, sell-side analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were issued a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.10%. Procter & Gamble’s payout ratio is presently 68.01%.

In related news, SVP Valarie L. Sheppard sold 40,751 shares of Procter & Gamble stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $91.93, for a total value of $3,746,239.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Taylor sold 63,113 shares of Procter & Gamble stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $91.68, for a total value of $5,786,199.84. Following the completion of the transaction, the chief executive officer now directly owns 226,393 shares of the company’s stock, valued at $20,755,710.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 502,927 shares of company stock valued at $46,437,282. Company insiders own 1.84% of the company’s stock.

PG has been the subject of several research reports. ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. UBS Group set a $82.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, October 17th. Citigroup raised their target price on Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $78.00 target price on shares of Procter & Gamble in a research report on Thursday, August 16th. Finally, Macquarie raised their target price on Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, October 22nd. One equities research 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 stock. The stock has an average rating of “Hold” and a consensus target price of $88.38.

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Procter & Gamble Company Profile

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.

Further Reading: How to invest in a bear market

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

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