Trading Report: Today, California Public Employees Retirement System invests in Procter & Gamble Co. (PG) Shares

Today, California Public Employees Retirement System invests in Procter & Gamble Co. (PG) Shares

California Public Employees Retirement System boosted its position in Procter & Gamble Co. (NYSE:PG) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,165,855 shares of the company’s stock after buying an additional 242,600 shares during the period. Procter & Gamble Co. makes up 1.1% of California Public Employees Retirement System’s investment portfolio, making the stock its 11th largest position. California Public Employees Retirement System owned about 0.27% of Procter & Gamble Co. worth $643,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its stake in shares of Procter & Gamble Co. by 10,454.9% in the second quarter. Cohen & Steers Inc. now owns 20,623,882 shares of the company’s stock worth $4,473,320,000 after buying an additional 20,428,486 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Procter & Gamble Co. during the second quarter worth approximately $426,390,000. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble Co. by 1.8% in the second quarter. Vanguard Group Inc. now owns 167,926,302 shares of the company’s stock worth $14,218,321,000 after buying an additional 3,029,476 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Procter & Gamble Co. by 198.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,367,095 shares of the company’s stock worth $391,947,000 after buying an additional 2,905,755 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Procter & Gamble Co. by 33.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,700,307 shares of the company’s stock worth $821,325,000 after buying an additional 2,454,215 shares in the last quarter. Hedge funds and other institutional investors own 67.27% of the company’s stock.

Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.306% on Monday, hitting $83.205. 3,809,542 shares of the company were exchanged. Procter & Gamble Co. has a 52-week low of $74.46 and a 52-week high of $90.33. The firm’s 50-day moving average is $85.71 and its 200-day moving average is $85.39. The stock has a market capitalization of $222.66 billion, a PE ratio of 22.194 and a beta of 0.62.

Procter & Gamble Co. (NYSE:PG) last posted its earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company earned $16.50 billion during the quarter, compared to the consensus estimate of $16.49 billion. Procter & Gamble Co. had a net margin of 16.27% and a return on equity of 17.95%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities research analysts predict that Procter & Gamble Co. will post $3.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were issued a $0.6695 dividend. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.21%. Procter & Gamble Co.’s payout ratio is 71.66%.

PG has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Procter & Gamble Co. in a research report on Monday, October 31st. Vetr cut Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price objective on the stock. in a research report on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. JPMorgan Chase & Co. set a $99.00 price objective on Procter & Gamble Co. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG upped their price objective on Procter & Gamble Co. from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $91.55.

In other Procter & Gamble Co. news, insider Juan Fernando Posada sold 10,000 shares of Procter & Gamble Co. stock in a transaction on Monday, September 19th. The shares were sold at an average price of $88.58, for a total value of $885,800.00. Following the completion of the transaction, the insider now owns 26,452 shares of the company’s stock, valued at $2,343,118.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Price Matthew sold 3,081 shares of Procter & Gamble Co. stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $86.90, for a total transaction of $267,738.90. Following the completion of the transaction, the insider now directly owns 14,962 shares of the company’s stock, valued at approximately $1,300,197.80. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

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.

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