Fisher Asset Management LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Fisher Asset Management LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,380,610 shares of the company’s stock after acquiring an additional 830,476 shares during the period. Procter & Gamble accounts for approximately 1.3% of Fisher Asset Management LLC’s portfolio, making the stock its 19th largest holding. Fisher Asset Management LLC’s holdings in Procter & Gamble were worth $3,183,522,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in Procter & Gamble by 3.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 383,840 shares of the company’s stock worth $66,481,000 after purchasing an additional 13,576 shares in the last quarter. Marco Investment Management LLC increased its position in shares of Procter & Gamble by 1.3% during the third quarter. Marco Investment Management LLC now owns 61,490 shares of the company’s stock valued at $10,650,000 after buying an additional 800 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Procter & Gamble by 35.6% in the third quarter. Summit Trail Advisors LLC now owns 18,852 shares of the company’s stock worth $3,265,000 after buying an additional 4,952 shares in the last quarter. Cahill Financial Advisors Inc. boosted its position in shares of Procter & Gamble by 3.8% in the third quarter. Cahill Financial Advisors Inc. now owns 2,359 shares of the company’s stock valued at $409,000 after acquiring an additional 87 shares during the period. Finally, SevenBridge Financial Group LLC grew its stake in Procter & Gamble by 5.4% during the third quarter. SevenBridge Financial Group LLC now owns 30,989 shares of the company’s stock valued at $5,145,000 after acquiring an additional 1,579 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 2.0 %

Shares of Procter & Gamble stock opened at $176.28 on Monday. The company’s 50 day moving average price is $170.04 and its 200-day moving average price is $168.66. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a market capitalization of $415.15 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 3.81 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the business posted $1.83 earnings per share. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research report on Monday, September 30th. Morgan Stanley raised their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Thursday, August 29th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.00.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The trade was a 12.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,673 shares of company stock valued at $10,102,753. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.