Teachers Insurance & Annuity Association of America Acquires New Shares in The Procter & Gamble Company (NYSE:PG)

Teachers Insurance & Annuity Association of America acquired a new position in The Procter & Gamble Company (NYSE:PG) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 4,583 shares of the company’s stock, valued at approximately $794,000. Procter & Gamble makes up approximately 1.2% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 17th largest holding.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in Procter & Gamble by 2.7% in the third quarter. FMR LLC now owns 26,556,319 shares of the company’s stock worth $4,599,554,000 after buying an additional 689,282 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Procter & Gamble by 0.6% in the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock worth $3,567,556,000 after purchasing an additional 122,190 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Procter & Gamble by 4.7% in the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company’s stock worth $3,183,522,000 after buying an additional 830,476 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Procter & Gamble by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,422,470 shares of the company’s stock valued at $2,844,442,000 after buying an additional 105,734 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Procter & Gamble by 3.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,049,651 shares of the company’s stock valued at $2,433,400,000 after buying an additional 426,409 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several recent research reports. DA Davidson raised Procter & Gamble from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $209.00 in a report on Monday. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Wells Fargo & Company raised their price target on Procter & Gamble from $188.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the transaction, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. This trade represents a 2.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,233 shares of company stock valued at $6,024,234 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $0.05 on Thursday, hitting $179.36. 5,522,912 shares of the company were exchanged, compared to its average volume of 6,737,879. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $170.22 and its 200 day moving average price is $168.90. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $180.43. The firm has a market capitalization of $422.40 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 3.82 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 6.96 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.24%. Procter & Gamble’s payout ratio is 69.48%.

About Procter & Gamble

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.