Diversified Trust Co Buys 3,604 Shares of The Procter & Gamble Company (NYSE:PG)

Diversified Trust Co increased its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 7.8% during the 2nd quarter, Holdings Channel reports. The fund owned 50,021 shares of the company’s stock after acquiring an additional 3,604 shares during the period. Diversified Trust Co’s holdings in Procter & Gamble were worth $7,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter valued at $3,726,603,000. GQG Partners LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at $1,231,791,000. CFS Investment Advisory Services LLC lifted its stake in shares of Procter & Gamble by 15,150.1% in the first quarter. CFS Investment Advisory Services LLC now owns 4,075,289 shares of the company’s stock valued at $642,000 after buying an additional 4,048,566 shares in the last quarter. Boston Partners lifted its stake in shares of Procter & Gamble by 14,217.6% in the first quarter. Boston Partners now owns 3,415,888 shares of the company’s stock valued at $522,695,000 after buying an additional 3,392,030 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Procter & Gamble by 330.5% in the first quarter. Assenagon Asset Management S.A. now owns 3,372,002 shares of the company’s stock valued at $515,242,000 after buying an additional 2,588,640 shares in the last quarter. 63.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PG. Barclays dropped their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. UBS Group lowered their target price on shares of Procter & Gamble to $153.00 in a report on Friday, July 22nd. Evercore ISI set a $170.00 target price on shares of Procter & Gamble in a report on Monday, June 20th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Price Performance

PG opened at $135.73 on Thursday. The company has a market capitalization of $323.78 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.55 and a beta of 0.35. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $142.76 and a 200-day moving average price of $147.31. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results 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 business had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. Procter & Gamble’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. Equities analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current year.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were given a $0.913 dividend. The ex-dividend date was Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.69%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.82%.

Insider Activity

In other news, insider Mary Theresa Grabowski sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total value of $2,352,000.00. Following the completion of the transaction, the insider now directly owns 4,326 shares in the company, valued at $635,922. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Procter & Gamble news, insider Mary Theresa Grabowski sold 16,000 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total transaction of $2,352,000.00. Following the completion of the sale, the insider now directly owns 4,326 shares in the company, valued at $635,922. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 27,809 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $147.95, for a total transaction of $4,114,341.55. Following the sale, the chief executive officer now owns 32,895 shares of the company’s stock, valued at $4,866,815.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 289,321 shares of company stock worth $42,559,426. 0.26% of the stock is owned by company insiders.

Procter & Gamble Company Profile

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

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

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