By otakuyassine3@gmail.com 
Generate Investment Management Ltd acquired a new stake in The Procter & Gamble Company (NYSE:PG – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,116 shares of the company’s stock, valued at approximately $16,784,000. Procter & Gamble comprises about 1.2% of Generate Investment Management Ltd’s portfolio, making the stock its 29th largest position.
A number of other institutional investors have also bought and sold shares of the business. AMF Tjanstepension AB raised its stake in Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the period. Tobam raised its position in shares of Procter & Gamble by 12.4% during the 3rd quarter. Tobam now owns 7,487 shares of the company’s stock valued at $1,297,000 after buying an additional 827 shares during the period. Boston Common Asset Management LLC lifted its holdings in Procter & Gamble by 2.2% in the third quarter. Boston Common Asset Management LLC now owns 130,317 shares of the company’s stock valued at $22,571,000 after acquiring an additional 2,867 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management purchased a new position in Procter & Gamble in the third quarter worth approximately $206,000. Finally, Pinnacle Bancorp Inc. increased its stake in Procter & Gamble by 1.8% during the third quarter. Pinnacle Bancorp Inc. now owns 16,904 shares of the company’s stock worth $2,928,000 after acquiring an additional 300 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
PG has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.
View Our Latest Analysis on PG
Procter & Gamble Trading Down 0.5 %
Shares of NYSE:PG opened at $167.99 on Friday. The company has a market cap of $393.91 billion, a PE ratio of 26.75, a P/E/G ratio of 3.73 and a beta of 0.45. The company’s 50 day moving average is $167.53 and its two-hundred day moving average is $169.41. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio is currently 64.17%.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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