KBC Group NV Has $65.24 Million Holdings in Procter & Gamble Co (PG)

KBC Group NV trimmed its position in shares of Procter & Gamble Co (NYSE:PG) by 19.9% during the second quarter, Holdings Channel reports. The fund owned 835,814 shares of the company’s stock after selling 207,565 shares during the quarter. Procter & Gamble comprises 0.6% of KBC Group NV’s portfolio, making the stock its 28th biggest holding. KBC Group NV’s holdings in Procter & Gamble were worth $65,244,000 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 business. BlackRock Inc. boosted its holdings in Procter & Gamble by 1.9% during the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock worth $12,890,867,000 after acquiring an additional 2,961,408 shares during the last quarter. Yacktman Asset Management LP boosted its holdings in Procter & Gamble by 1.4% during the 1st quarter. Yacktman Asset Management LP now owns 15,382,957 shares of the company’s stock worth $1,219,561,000 after acquiring an additional 219,593 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Procter & Gamble by 8.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock worth $1,105,148,000 after acquiring an additional 1,089,316 shares during the last quarter. American Century Companies Inc. boosted its holdings in Procter & Gamble by 17.9% during the 1st quarter. American Century Companies Inc. now owns 13,922,673 shares of the company’s stock worth $1,103,790,000 after acquiring an additional 2,115,777 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Procter & Gamble by 63.1% during the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock worth $883,964,000 after acquiring an additional 4,315,180 shares during the last quarter. 58.54% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Kathleen B. Fish sold 10,342 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $83.20, for a total value of $860,454.40. Following the sale, the insider now directly owns 16,382 shares in the company, valued at approximately $1,362,982.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen B. Fish sold 599 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $83.48, for a total value of $50,004.52. Following the completion of the sale, the insider now owns 38,655 shares in the company, valued at $3,226,919.40. The disclosure for this sale can be found here. Insiders sold a total of 147,186 shares of company stock worth $12,080,849 over the last 90 days. 1.84% of the stock is currently owned by company insiders.



A number of equities analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 price objective on shares of Procter & Gamble in a report on Monday, October 22nd. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Societe Generale set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Tuesday, October 23rd. Finally, Berenberg Bank set a $78.00 price target on shares of Procter & Gamble and gave the stock a “sell” rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $87.66.

Shares of NYSE:PG opened at $88.24 on Tuesday. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $93.14. The stock has a market capitalization of $221.50 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.88 and a beta of 0.59. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. During the same period in the previous year, the business posted $1.09 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect that Procter & Gamble Co will post 4.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

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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