Forsta AP Fonden Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Forsta AP Fonden cut its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 5.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 532,800 shares of the company’s stock after selling 29,600 shares during the quarter. Procter & Gamble accounts for 0.9% of Forsta AP Fonden’s investment portfolio, making the stock its 14th largest position. Forsta AP Fonden’s holdings in Procter & Gamble were worth $81,412,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. PrairieView Partners LLC increased its stake in shares of Procter & Gamble by 5.8% in the first quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after acquiring an additional 63 shares during the last quarter. Apeiron RIA LLC increased its stake in shares of Procter & Gamble by 2.2% in the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock worth $475,000 after acquiring an additional 64 shares during the last quarter. Ambassador Advisors LLC increased its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock worth $496,000 after acquiring an additional 65 shares during the last quarter. Perennial Investment Advisors LLC increased its stake in shares of Procter & Gamble by 1.1% in the first quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock worth $900,000 after acquiring an additional 65 shares during the last quarter. Finally, Tranquility Partners LLC increased its stake in shares of Procter & Gamble by 3.9% in the first quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock worth $268,000 after acquiring an additional 66 shares during the last quarter. 63.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on PG. Evercore ISI set a $170.00 target price on shares of Procter & Gamble in a research report on Monday, June 20th. UBS Group lowered their target price on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Raymond James increased their target price on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the sale, the chief executive officer now owns 5,026 shares of the company’s stock, valued at $728,770. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at $728,770. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the completion of the transaction, the chief executive officer now directly owns 4,002 shares in the company, valued at $580,770.24. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $144.72 on Friday. The firm has a market cap of $347.23 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.00 and a beta of 0.35. The company has a 50 day moving average of $142.90 and a 200-day moving average of $151.06. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. On average, equities analysts forecast that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 22nd will be issued a $0.913 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, July 21st. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Procter & Gamble Profile

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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