Point View Wealth Management Inc. boosted its stake in shares of Procter & Gamble Co. (NYSE:PG) by 11.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,453 shares of the company’s stock after buying an additional 1,594 shares during the period. Point View Wealth Management Inc.’s holdings in Procter & Gamble Co. were worth $1,308,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. bought a new stake in shares of Procter & Gamble Co. during the second quarter valued at about $426,390,000. Bank of Montreal Can bought a new stake in shares of Procter & Gamble Co. during the second quarter valued at about $201,298,000. Wellington Management Group LLP increased its stake in shares of Procter & Gamble Co. by 17.5% in the first quarter. Wellington Management Group LLP now owns 12,451,833 shares of the company’s stock valued at $1,024,911,000 after buying an additional 1,852,661 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Procter & Gamble Co. during the first quarter valued at about $119,711,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Procter & Gamble Co. by 12.3% in the first quarter. TIAA CREF Investment Management LLC now owns 13,185,252 shares of the company’s stock valued at $1,085,278,000 after buying an additional 1,441,177 shares during the period. Hedge funds and other institutional investors own 58.99% of the company’s stock.
Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.30% during trading on Friday, hitting $86.84. The stock had a trading volume of 7,021,059 shares. The stock has a 50 day moving average of $87.77 and a 200 day moving average of $84.96. Procter & Gamble Co. has a 12 month low of $73.95 and a 12 month high of $90.33. The company has a market cap of $232.38 billion, a PE ratio of 23.16 and a beta of 0.54.
Procter & Gamble Co. (NYSE:PG) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. Procter & Gamble Co. had a return on equity of 17.95% and a net margin of 16.27%. The business earned $16.50 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Procter & Gamble Co.’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Co. will post $3.90 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st will be issued a dividend of $0.6695 per share. This represents a $2.68 annualized dividend and a yield of 3.08%. The ex-dividend date is Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio is presently 71.66%.
Several equities research analysts recently issued reports on PG shares. Zacks Investment Research downgraded Procter & Gamble Co. from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Argus upgraded Procter & Gamble Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.54 to $103.00 in a report on Wednesday, October 12th. Stifel Nicolaus set a $93.00 price target on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Deutsche Bank AG restated a “buy” rating and issued a $92.00 price objective (up previously from $85.00) on shares of Procter & Gamble Co. in a research note on Sunday, July 24th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $88.00 price objective (up previously from $81.00) on shares of Procter & Gamble Co. in a research note on Friday, July 15th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $91.05.
In other news, SVP Valarie L. Sheppard sold 32,532 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $86.90, for a total value of $2,827,030.80. Following the transaction, the senior vice president now directly owns 28,397 shares in the company, valued at $2,467,699.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jon R. Moeller sold 272,591 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $85.94, for a total value of $23,426,470.54. Following the completion of the transaction, the chief financial officer now owns 164,269 shares in the company, valued at $14,117,277.86. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
About Procter & Gamble Co.
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.