Public Employees Retirement Association of Colorado cut its position in Procter & Gamble Company (The) (NYSE:PG) by 3.4% during the third quarter, Holdings Channel reports. The institutional investor owned 543,801 shares of the company’s stock after selling 18,896 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Procter & Gamble Company (The) were worth $48,806,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Procter & Gamble Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 167,926,302 shares of the company’s stock valued at $14,218,321,000 after buying an additional 3,029,476 shares during the period. Capital World Investors increased its position in shares of Procter & Gamble Company (The) by 0.7% in the second quarter. Capital World Investors now owns 53,097,172 shares of the company’s stock valued at $4,495,738,000 after buying an additional 376,640 shares during the period. BlackRock Fund Advisors increased its position in shares of Procter & Gamble Company (The) by 5.5% in the second quarter. BlackRock Fund Advisors now owns 37,893,606 shares of the company’s stock valued at $3,208,452,000 after buying an additional 1,964,364 shares during the period. BlackRock Group LTD increased its position in shares of Procter & Gamble Company (The) by 1.1% in the second quarter. BlackRock Group LTD now owns 23,158,248 shares of the company’s stock valued at $1,960,808,000 after buying an additional 249,455 shares during the period. Finally, Cohen & Steers Inc. increased its position in shares of Procter & Gamble Company (The) by 10,454.9% in the second quarter. Cohen & Steers Inc. now owns 20,623,882 shares of the company’s stock valued at $4,473,320,000 after buying an additional 20,428,486 shares during the period. Hedge funds and other institutional investors own 67.28% of the company’s stock.

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

Procter & Gamble Company (NYSE:PG) opened at 84.01 on Friday. The stock’s 50 day moving average price is $84.01 and its 200 day moving average price is $85.88. Procter & Gamble Company has a 52-week low of $74.46 and a 52-week high of $90.33. The firm has a market capitalization of $224.81 billion, a price-to-earnings ratio of 22.41 and a beta of 0.59.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm earned $16.50 billion during the quarter, compared to the consensus estimate of $16.49 billion. Procter & Gamble Company (The) had a return on equity of 17.95% and a net margin of 16.27%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, equities analysts anticipate that Procter & Gamble Company will post $3.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be given a dividend of $0.6695 per share. The ex-dividend date is Wednesday, January 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.19%. Procter & Gamble Company (The)’s payout ratio is 71.66%.

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Several brokerages have recently issued reports on PG. B. Riley restated a “buy” rating and issued a $106.00 price objective on shares of Procter & Gamble Company (The) in a research note on Monday, October 31st. upgraded shares of Procter & Gamble Company (The) from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $90.00 to $95.00 in a research note on Wednesday, October 26th. Jefferies Group restated a “buy” rating and issued a $98.00 price objective on shares of Procter & Gamble Company (The) in a research note on Wednesday, October 26th. Vetr downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and set a $87.49 price objective on the stock. in a research note on Monday, December 19th. Finally, SunTrust Banks, Inc. downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $95.00 to $85.00 in a research note on Thursday, December 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.07.

In related news, insider Price Matthew sold 3,081 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $86.90, for a total transaction of $267,738.90. Following the completion of the sale, the insider now directly owns 14,962 shares in the company, valued at approximately $1,300,197.80. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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.

5 Day Chart for NYSE:PG

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