Mitsubishi UFJ Asset Management UK Ltd. Sells 3,000 Shares of Procter & Gamble Co (NYSE:PG)

Mitsubishi UFJ Asset Management UK Ltd. decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,000 shares of the company’s stock after selling 3,000 shares during the period. Procter & Gamble comprises 1.9% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its 6th biggest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Procter & Gamble were worth $3,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strategic Wealth Advisors Group LLC raised its position in Procter & Gamble by 1.1% in the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 55,832 shares of the company’s stock valued at $6,919,000 after purchasing an additional 589 shares in the last quarter. D Orazio & Associates Inc. raised its position in Procter & Gamble by 4.7% in the 3rd quarter. D Orazio & Associates Inc. now owns 3,300 shares of the company’s stock valued at $411,000 after purchasing an additional 148 shares in the last quarter. Abacus Planning Group Inc. raised its position in Procter & Gamble by 11.9% in the 3rd quarter. Abacus Planning Group Inc. now owns 4,411 shares of the company’s stock valued at $549,000 after purchasing an additional 470 shares in the last quarter. AlphaMark Advisors LLC raised its position in Procter & Gamble by 9.6% in the 3rd quarter. AlphaMark Advisors LLC now owns 57,621 shares of the company’s stock valued at $7,167,000 after purchasing an additional 5,051 shares in the last quarter. Finally, Huntington National Bank raised its position in Procter & Gamble by 1.1% in the 3rd quarter. Huntington National Bank now owns 491,207 shares of the company’s stock valued at $61,096,000 after purchasing an additional 5,570 shares in the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on PG. UBS Group increased their price target on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price target on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. SunTrust Banks increased their price target on Procter & Gamble to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Credit Suisse Group increased their price target on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $115.00.

Shares of NYSE PG traded down $0.21 during midday trading on Friday, hitting $119.41. 2,501,474 shares of the company’s stock were exchanged, compared to its average volume of 7,326,030. The firm’s fifty day simple moving average is $122.00 and its 200-day simple moving average is $114.95. The company has a market cap of $296.51 billion, a PE ratio of 26.42, a P/E/G ratio of 3.23 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. Procter & Gamble Co has a twelve month low of $86.74 and a twelve month high of $125.77.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The firm had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. Equities analysts anticipate that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $0.7459 per share. The ex-dividend date is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s dividend payout ratio is presently 65.93%.

In related news, insider Marc S. Pritchard sold 26,075 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $124.96, for a total transaction of $3,258,332.00. Following the transaction, the insider now owns 139,066 shares in the company, valued at approximately $17,377,687.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nelson Peltz sold 206,967 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $124.40, for a total value of $25,746,694.80. Following the transaction, the director now owns 3,844 shares in the company, valued at approximately $478,193.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,645,966 shares of company stock worth $202,229,770 in the last 90 days. 1.75% of the stock is currently owned by company 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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