BI Asset Management Fondsmaeglerselskab A S Has $70.04 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 431,679 shares of the company’s stock after acquiring an additional 15,329 shares during the quarter. Procter & Gamble accounts for about 1.3% of BI Asset Management Fondsmaeglerselskab A S’s investment portfolio, making the stock its 13th largest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in Procter & Gamble were worth $70,040,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PG. Advantage Trust Co acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $28,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at $29,000. Naples Money Management LLC bought a new position in Procter & Gamble in the 4th quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble during the 4th quarter worth $31,000. Finally, Criterion Capital Advisors LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock traded up $0.74 during trading hours on Wednesday, reaching $166.40. 1,061,162 shares of the company were exchanged, compared to its average volume of 6,496,853. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock’s fifty day moving average is $165.97 and its two-hundred day moving average is $159.85. The company has a market cap of $392.73 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 3.18 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PG. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Jefferies Financial Group raised their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Argus upped their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft decreased 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. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $170.72.

Insider Buying and Selling at Procter & Gamble

In related news, 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 transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Company Profile

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.