Sanders Capital LLC Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Sanders Capital LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,763,710 shares of the company’s stock after acquiring an additional 16,459 shares during the period. Procter & Gamble comprises 2.1% of Sanders Capital LLC’s portfolio, making the stock its 17th biggest position. Sanders Capital LLC owned about 0.29% of Procter & Gamble worth $986,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. Your Advocates Ltd. LLP lifted its stake in shares of Procter & Gamble by 632.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock worth $28,000 after acquiring an additional 158 shares during the last quarter. Wunderlich Capital Managemnt bought a new stake in Procter & Gamble during the 2nd quarter valued at $40,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $50,000. CGC Financial Services LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $55,000. Finally, VitalStone Financial LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $60,000. 63.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Royal Bank of Canada boosted their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. UBS Group boosted their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Raymond James boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, DZ Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a research report on Friday, October 20th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

Get Our Latest Stock Analysis on PG

Procter & Gamble Stock Performance

Shares of PG stock traded down $1.22 during mid-day trading on Friday, reaching $157.42. The stock had a trading volume of 5,978,181 shares, compared to its average volume of 8,142,439. The Procter & Gamble Company has a 1-year low of $135.83 and a 1-year high of $159.83. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The firm has a market cap of $370.41 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.21 and a beta of 0.45. The business’s fifty day moving average is $150.04 and its 200-day moving average is $150.88.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.9407 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s payout ratio is 62.98%.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total value of $3,017,373.67. Following the sale, the chief executive officer now owns 24,438 shares in the company, valued at $3,750,499.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total value of $3,017,373.67. Following the transaction, the chief executive officer now owns 24,438 shares in the company, valued at approximately $3,750,499.86. The disclosure for this sale can be found here. Insiders have sold 278,658 shares of company stock worth $42,921,732 over the last quarter. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Profile

(Free Report)

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.

See Also

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

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