Procter & Gamble Co (PG) Shares Sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,188,647 shares of the company’s stock after selling 36,401 shares during the quarter. Procter & Gamble comprises 0.7% of State of Wisconsin Investment Board’s holdings, making the stock its 21st biggest position. State of Wisconsin Investment Board’s holdings in Procter & Gamble were worth $248,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price Capital Management Inc. acquired a new position in Procter & Gamble during the second quarter worth approximately $715,000. Secrest Blakey & Associates LLC increased its position in Procter & Gamble by 9.1% during the second quarter. Secrest Blakey & Associates LLC now owns 17,511 shares of the company’s stock worth $1,367,000 after buying an additional 1,457 shares during the period. Kornitzer Capital Management Inc. KS increased its position in Procter & Gamble by 2.2% during the second quarter. Kornitzer Capital Management Inc. KS now owns 678,123 shares of the company’s stock worth $52,934,000 after buying an additional 14,614 shares during the period. Adviser Investments LLC increased its position in Procter & Gamble by 11.8% during the second quarter. Adviser Investments LLC now owns 13,655 shares of the company’s stock worth $1,066,000 after buying an additional 1,444 shares during the period. Finally, Vicus Capital increased its position in Procter & Gamble by 8.8% during the second quarter. Vicus Capital now owns 30,895 shares of the company’s stock worth $2,412,000 after buying an additional 2,508 shares during the period. 58.54% of the stock is currently owned by institutional investors.

Shares of PG stock opened at $88.24 on Tuesday. 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 Co has a twelve month low of $70.73 and a twelve month high of $93.14. The company has a market capitalization of $221.50 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.88 and a beta of 0.59.



Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share 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 firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Procter & Gamble Co will post 4.41 EPS for the current year.

The firm also recently declared 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. The ex-dividend date is Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.25%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

In related news, SVP Valarie L. Sheppard sold 27,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total value of $2,177,820.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kathleen B. Fish sold 26,946 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.55, for a total value of $2,170,500.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,186 shares of company stock worth $12,080,849. Company insiders own 1.84% of the company’s stock.

PG has been the topic of several analyst reports. Berenberg Bank set a $78.00 target price on Procter & Gamble and gave the company a “sell” rating in a research note on Monday, October 22nd. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Friday, October 19th. Societe Generale set a $87.00 target price on Procter & Gamble and gave the company a “hold” rating in a research note on Tuesday, October 23rd. Atlantic Securities initiated coverage on Procter & Gamble in a research note on Thursday, September 20th. They issued an “overweight” rating and a $94.00 target price on the stock. Finally, Macquarie lifted their target price on Procter & Gamble from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Hold” and an average target price of $87.66.

Procter & Gamble Company Profile

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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