The Procter & Gamble Company (NYSE:PG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in The Procter & Gamble Company (NYSE:PG) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,309,701 shares of the company’s stock after selling 1,299,212 shares during the period. Procter & Gamble accounts for 0.9% of Wellington Management Group LLP’s investment portfolio, making the stock its 13th largest holding. Wellington Management Group LLP’s holdings in Procter & Gamble were worth $5,027,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Procter & Gamble by 35.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,044,291 shares of the company’s stock worth $444,040,000 after acquiring an additional 793,500 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Procter & Gamble by 80.7% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 41,787 shares of the company’s stock worth $6,095,000 after buying an additional 18,656 shares in the last quarter. Sargent Investment Group LLC grew its holdings in shares of Procter & Gamble by 42.3% during the third quarter. Sargent Investment Group LLC now owns 17,792 shares of the company’s stock worth $2,595,000 after buying an additional 5,286 shares in the last quarter. Intact Investment Management Inc. boosted its position in shares of Procter & Gamble by 1.1% in the third quarter. Intact Investment Management Inc. now owns 91,300 shares of the company’s stock worth $13,317,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Claret Asset Management Corp boosted its position in shares of Procter & Gamble by 7.2% in the third quarter. Claret Asset Management Corp now owns 1,932 shares of the company’s stock worth $282,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 over the last three months. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PG has been the topic of several research analyst reports. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Argus lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Stock Performance

PG traded up $0.38 during trading on Friday, reaching $166.79. 3,694,974 shares of the company’s stock were exchanged, compared to its average volume of 4,965,412. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $168.97. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $163.40 and a 200 day moving average price of $157.54. The company has a market capitalization of $393.65 billion, a P/E ratio of 27.25, a PEG ratio of 3.39 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.37 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.