People s United Financial Inc. lessened its holdings in shares of Procter & Gamble Co (NYSE:PG) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,651 shares of the company’s stock after selling 22,969 shares during the period. Procter & Gamble comprises approximately 0.7% of People s United Financial Inc.’s holdings, making the stock its 29th largest holding. People s United Financial Inc.’s holdings in Procter & Gamble were worth $26,825,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. HC Financial Advisors Inc. acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $1,738,000. Yacktman Asset Management LP grew its holdings in Procter & Gamble by 1.4% during the first quarter. Yacktman Asset Management LP now owns 15,382,957 shares of the company’s stock valued at $1,219,561,000 after purchasing an additional 219,593 shares during the last quarter. Banque Pictet & Cie SA boosted its position in shares of Procter & Gamble by 4.2% in the first quarter. Banque Pictet & Cie SA now owns 1,614,615 shares of the company’s stock valued at $128,007,000 after acquiring an additional 65,615 shares during the period. Fulcrum Capital LLC boosted its position in shares of Procter & Gamble by 2.3% in the first quarter. Fulcrum Capital LLC now owns 33,919 shares of the company’s stock valued at $2,689,000 after acquiring an additional 749 shares during the period. Finally, Twin Tree Management LP bought a new stake in shares of Procter & Gamble in the first quarter valued at approximately $144,000. Institutional investors own 58.57% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating and issued a $86.00 price objective on shares of Procter & Gamble in a research report on Friday, November 9th. TD Securities reissued a “hold” rating on shares of Procter & Gamble in a research report on Thursday, November 8th. Bank of America increased their price objective on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, November 6th. ValuEngine raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research raised Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $88.38.

In other Procter & Gamble news, insider Ioannis Skoufalos sold 6,000 shares of Procter & Gamble stock in a transaction on Friday, August 24th. The stock was sold at an average price of $83.17, for a total transaction of $499,020.00. Following the completion of the transaction, the insider now directly owns 14,543 shares of the company’s stock, valued at $1,209,541.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kathleen B. Fish sold 10,342 shares of Procter & Gamble stock in a transaction on Friday, August 31st. The shares were sold at an average price of $83.20, for a total value of $860,454.40. Following the transaction, the insider now directly owns 16,382 shares of the company’s stock, valued at $1,362,982.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 494,352 shares of company stock valued at $44,961,608. 1.84% of the stock is owned by company insiders.

Shares of PG stock opened at $93.82 on Monday. The firm has a market capitalization of $236.52 billion, a P/E ratio of 22.23, a PEG ratio of 3.08 and a beta of 0.37. Procter & Gamble Co has a one year low of $70.73 and a one year high of $94.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. Procter & Gamble’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. As a group, sell-side analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were given a $0.7172 dividend. The ex-dividend date was Thursday, October 18th. This represents a $2.87 annualized dividend and a yield of 3.06%. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Market Capitalization in the Stock Market

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

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