Procter & Gamble Company (The) $PG Stake Raised by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,340 shares of the company’s stock after acquiring an additional 3,819 shares during the period. Procter & Gamble accounts for approximately 1.7% of M. Kulyk & Associates LLC’s portfolio, making the stock its 20th biggest holding. M. Kulyk & Associates LLC’s holdings in Procter & Gamble were worth $8,791,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares in the last quarter. State Street Corp raised its stake in shares of Procter & Gamble by 0.4% during the third quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after purchasing an additional 370,872 shares in the last quarter. Norges Bank acquired a new stake in Procter & Gamble in the second quarter worth about $5,099,644,000. Franklin Resources Inc. grew its position in Procter & Gamble by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock valued at $3,510,955,000 after buying an additional 1,752,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Procter & Gamble by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock valued at $2,770,035,000 after buying an additional 294,673 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other news, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the sale, the chairman directly owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the sale, the insider directly owned 44,735 shares of the company’s stock, valued at $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 348,618 shares of company stock valued at $55,462,643 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 0.3%

PG stock opened at $144.41 on Monday. The firm has a market cap of $335.61 billion, a PE ratio of 21.39, a P/E/G ratio of 4.82 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $154.07 and a 200 day simple moving average of $150.63.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. Equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is presently 62.52%.

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. TD Cowen downgraded Procter & Gamble from a “buy” rating to a “hold” rating and upped their target price for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. UBS Group increased their price target on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Rothschild & Co Redburn boosted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.33.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.