Procter & Gamble Co (NYSE:PG) Holdings Raised by Foresters Investment Management Company Inc.

Foresters Investment Management Company Inc. raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 17.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 563,039 shares of the company’s stock after purchasing an additional 85,650 shares during the quarter. Procter & Gamble accounts for 1.0% of Foresters Investment Management Company Inc.’s portfolio, making the stock its 13th largest position. Foresters Investment Management Company Inc.’s holdings in Procter & Gamble were worth $51,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after purchasing an additional 853,269 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Procter & Gamble by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after purchasing an additional 853,269 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 2.9% in the 4th quarter. BlackRock Inc. now owns 168,407,978 shares of the company’s stock worth $15,480,062,000 after purchasing an additional 4,770,076 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Procter & Gamble by 12,676.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 73,958,832 shares of the company’s stock worth $805,000 after purchasing an additional 73,379,984 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Procter & Gamble by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 34,845,774 shares of the company’s stock worth $3,198,086,000 after purchasing an additional 3,270,666 shares during the last quarter. Hedge funds and other institutional investors own 62.19% of the company’s stock.

In other news, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction on Friday, April 26th. The stock was sold at an average price of $105.00, for a total transaction of $3,150,000.00. Following the transaction, the chief executive officer now directly owns 256,088 shares in the company, valued at approximately $26,889,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Deborah P. Majoras sold 6,161 shares of Procter & Gamble stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $103.10, for a total value of $635,199.10. Following the transaction, the insider now owns 44,996 shares in the company, valued at $4,639,087.60. The disclosure for this sale can be found here. Insiders have sold a total of 320,840 shares of company stock worth $33,904,086 in the last ninety days. 1.84% of the stock is owned by company insiders.

Several analysts recently issued reports on the company. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Friday, May 10th. Deutsche Bank raised their price target on Procter & Gamble from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. DZ Bank reissued a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Barclays raised Procter & Gamble from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $94.00 to $112.00 in a report on Wednesday, April 24th. Finally, UBS Group raised their price target on Procter & Gamble to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $101.42.

Shares of Procter & Gamble stock opened at $109.68 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79. The firm has a market cap of $277.35 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 3.50 and a beta of 0.41. Procter & Gamble Co has a 1-year low of $75.39 and a 1-year high of $110.65.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. On average, research analysts forecast that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a dividend of $0.7459 per share. The ex-dividend date was Wednesday, April 17th. This represents a $2.98 annualized dividend and a yield of 2.72%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s payout ratio is presently 70.62%.

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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: Oversold

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

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