AMI Investment Management Inc. decreased its stake in Procter & Gamble Company (The) (NYSE:PG) by 22.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,667 shares of the company’s stock after selling 11,551 shares during the period. Procter & Gamble Company (The) accounts for 2.9% of AMI Investment Management Inc.’s holdings, making the stock its 10th largest position. AMI Investment Management Inc.’s holdings in Procter & Gamble Company (The) were worth $4,045,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in PG. Norges Bank purchased a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth approximately $1,918,188,000. Asset Management One Co. Ltd. raised its stake in shares of Procter & Gamble Company (The) by 775.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,562,545 shares of the company’s stock worth $383,723,000 after buying an additional 4,041,486 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth $127,893,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Procter & Gamble Company (The) by 10,138.9% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 942,081 shares of the company’s stock worth $942,000 after buying an additional 932,880 shares in the last quarter. Finally, Hermes Investment Management Ltd. raised its stake in shares of Procter & Gamble Company (The) by 2,810.3% in the first quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock worth $66,344,000 after buying an additional 713,018 shares in the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.
Procter & Gamble Company (NYSE PG) opened at 91.92 on Thursday. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.00. The firm has a market capitalization of $234.70 billion, a PE ratio of 16.43 and a beta of 0.68. The company’s 50-day moving average price is $88.92 and its 200 day moving average price is $88.88. Procter & Gamble Company (The) also was the recipient of some unusual options trading on Monday. Stock investors purchased 35,861 call options on the company. This is an increase of 509% compared to the typical volume of 5,886 call options.
Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. On average, analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be issued a $0.6896 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.00%. Procter & Gamble Company (The)’s payout ratio is currently 49.37%.
A number of equities research analysts recently commented on the company. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price on the stock in a research report on Wednesday, April 26th. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Deutsche Bank AG reissued a “hold” rating and issued a $92.00 price target (up from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Finally, UBS AG reissued a “buy” rating and issued a $102.00 price target (down from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Procter & Gamble Company (The) currently has an average rating of “Hold” and an average target price of $88.21.
In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 62,350 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders sold 203,898 shares of company stock valued at $17,666,387 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.
Procter & Gamble Company (The) Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
