Winslow Asset Management Inc. Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Winslow Asset Management Inc. cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,422 shares of the company’s stock after selling 76 shares during the period. Winslow Asset Management Inc.’s holdings in Procter & Gamble were worth $766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Legal & General Group Plc boosted its holdings in Procter & Gamble by 0.6% in the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock valued at $3,567,556,000 after purchasing an additional 122,190 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Procter & Gamble by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company’s stock valued at $1,598,510,000 after buying an additional 733,440 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Procter & Gamble by 9.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company’s stock worth $999,705,000 after buying an additional 545,601 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Procter & Gamble by 1.3% in the first quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company’s stock worth $974,914,000 after buying an additional 79,665 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Procter & Gamble by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,716,799 shares of the company’s stock valued at $990,150,000 after acquiring an additional 72,851 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 10,623 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the completion of the sale, the chief operating officer now owns 23,890 shares of the company’s stock, valued at approximately $4,042,665.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,597 shares of company stock valued at $53,268,499 in the last three months. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 1.0 %

Shares of NYSE:PG opened at $166.08 on Tuesday. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $177.94. 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 firm has a market cap of $391.13 billion, a P/E ratio of 28.63, a P/E/G ratio of 3.63 and a beta of 0.42. The company has a 50 day moving average of $170.97 and a 200-day moving average of $168.26.

Procter & Gamble (NYSE:PG) last issued its quarterly 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 return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the business posted $1.83 EPS. Procter & Gamble’s revenue was down .6% on a year-over-year basis. As a group, analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is 69.31%.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Thursday, August 29th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. TD Cowen assumed coverage on Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

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.