Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.5% during the third quarter, Holdings Channel.com reports. The fund owned 1,847,162 shares of the company’s stock after selling 8,399 shares during the period. Procter & Gamble accounts for approximately 0.5% of Universal Beteiligungs und Servicegesellschaft mbH’s portfolio, making the stock its 29th largest position. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Procter & Gamble were worth $283,816,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Procter & Gamble by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after buying an additional 3,189,111 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 1.8% during the second quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after purchasing an additional 1,060,713 shares in the last quarter. Norges Bank bought a new stake in shares of Procter & Gamble in the second quarter worth about $5,099,644,000. Charles Schwab Investment Management Inc. boosted its stake in Procter & Gamble by 1.7% during the second 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 last quarter. Finally, Invesco Ltd. grew its holdings in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after buying an additional 2,880,895 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble Trading Up 1.7%
NYSE PG opened at $146.96 on Wednesday. The stock has a market cap of $343.40 billion, a PE ratio of 21.45, a PEG ratio of 4.89 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. The company’s 50-day moving average price is $144.67 and its 200-day moving average price is $150.70. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46.
Procter & Gamble Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is 61.75%.
Insider Activity
In other news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the transaction, the chief accounting officer owned 979 shares in the company, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on PG shares. Cowen reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Thursday, January 8th. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 5th. TD Cowen dropped their price target on Procter & Gamble from $168.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Finally, Dbs Bank raised Procter & Gamble to a “hold” rating in a research report on Friday, December 5th. Fifteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $168.36.
Get Our Latest Stock Analysis on PG
Procter & Gamble Profile
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.
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