Procter & Gamble Co (NYSE:PG) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,400 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Procter & Gamble comprises 0.8% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 10th biggest holding. Louisiana State Employees Retirement System’s holdings in Procter & Gamble were worth $12,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PG. New England Investment & Retirement Group Inc. acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $28,000. Magellan Asset Management Ltd acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $29,000. Efficient Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $39,000. Cox Capital Mgt LLC acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $46,000. Finally, Lion Street Advisors LLC acquired a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $56,000. 63.33% of the stock is owned by institutional investors.

In other news, Director Nelson Peltz sold 3,500,000 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $119.21, for a total transaction of $417,235,000.00. Following the sale, the director now owns 3,891 shares in the company, valued at $463,846.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David S. Taylor sold 30,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $115.47, for a total value of $3,464,100.00. The disclosure for this sale can be found here. Insiders have sold 8,963,114 shares of company stock worth $1,067,197,986 in the last 90 days. Insiders own 1.75% of the company’s stock.

Procter & Gamble stock opened at $124.05 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 0.83. The stock has a fifty day moving average of $118.11 and a two-hundred day moving average of $118.99. The company has a market capitalization of $306.71 billion, a price-to-earnings ratio of 70.09, a PEG ratio of 3.29 and a beta of 0.42. Procter & Gamble Co has a fifty-two week low of $94.34 and a fifty-two week high of $128.09.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The company had revenue of $17.21 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter last year, the business posted $1.06 earnings per share. Procter & Gamble’s revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that Procter & Gamble Co will post 4.96 EPS for the current fiscal year.

PG has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Citigroup raised their price objective on Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and dropped their price objective for the company from $130.00 to $128.00 in a research note on Monday, March 30th. Argus raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, March 26th. Finally, Deutsche Bank raised their price objective on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $130.31.

Procter & Gamble 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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