Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 492,281 shares of the company’s stock after selling 22,341 shares during the period. Procter & Gamble Company (The) comprises 1.1% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings, making the stock its 14th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Procter & Gamble Company (The) were worth $44,231,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Asset Planning Services Ltd. raised its stake in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the last quarter. Edge Wealth Management LLC raised its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter valued at about $184,000. Finally, Intellectus Partners LLC bought a new stake in Procter & Gamble Company (The) during the fourth quarter valued at about $215,000. Institutional investors own 59.69% of the company’s stock.

Procter & Gamble Company (NYSE:PG) opened at 90.67 on Monday. The stock has a 50 day moving average price of $88.56 and a 200 day moving average price of $88.68. The firm has a market cap of $231.51 billion, a P/E ratio of 16.21 and a beta of 0.68. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $92.00.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. Procter & Gamble Company (The)’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. Equities analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.04%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

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PG has been the topic of several analyst reports. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Jefferies Group LLC reiterated a “buy” rating and set a $103.00 target price (up previously from $101.00) on shares of Procter & Gamble Company (The) in a report on Tuesday, April 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price on the stock in a report on Wednesday, April 26th. Finally, Stifel Nicolaus dropped their target price on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Procter & Gamble Company (The) presently has a consensus rating of “Hold” and an average target price of $88.21.

In related news, insider Patrice Louvet sold 48,310 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $86.79, for a total value of $4,192,824.90. Following the sale, the insider now owns 95,340 shares of the company’s stock, valued at approximately $8,274,558.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders sold a total of 203,898 shares of company stock worth $17,666,387 in the last ninety days. 0.35% of the stock is currently owned by insiders.

Procter & Gamble Company (The) Company Profile

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.

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

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