Procter & Gamble Co (PG) Shares Sold by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,513 shares of the company’s stock after selling 1,121 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Procter & Gamble were worth $7,846,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PG. BlackRock Inc. boosted its position in shares of Procter & Gamble by 2.2% in the second 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 during the period. Yacktman Asset Management LP boosted its position in shares of Procter & Gamble by 0.7% in the second quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock valued at $1,209,015,000 after acquiring an additional 105,318 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Procter & Gamble by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,414,335 shares of the company’s stock valued at $1,125,183,000 after acquiring an additional 474,529 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Procter & Gamble by 9.3% in the first quarter. Loomis Sayles & Co. L P now owns 10,901,136 shares of the company’s stock valued at $864,242,000 after acquiring an additional 928,541 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Procter & Gamble by 3.7% in the second quarter. Fisher Asset Management LLC now owns 9,844,145 shares of the company’s stock valued at $768,434,000 after acquiring an additional 351,075 shares during the period. 58.78% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 price target on shares of Procter & Gamble in a research note on Monday, October 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $86.00 price target on shares of Procter & Gamble in a research note on Friday, November 9th. SunTrust Banks boosted their price target on Procter & Gamble to $85.00 and gave the company a “hold” rating in a research note on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.38.

Shares of NYSE PG opened at $92.45 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The stock has a market cap of $235.23 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 3.06 and a beta of 0.37. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $94.86.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.09 earnings per share. On average, sell-side analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current year.

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

In other news, insider Mary Theresa Grabowski sold 16,712 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.35, for a total transaction of $1,526,641.20. Following the sale, the insider now directly owns 6,715 shares in the company, valued at $613,415.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider R. Alexandra Keith sold 1,463 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $89.89, for a total value of $131,509.07. Following the sale, the insider now owns 45,018 shares in the company, valued at $4,046,668.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 502,927 shares of company stock valued at $46,437,282. Insiders own 1.84% of the company’s stock.

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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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