Nordea Investment Management AB Increases Holdings in The Procter & Gamble Company (NYSE:PG)

Nordea Investment Management AB increased its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 10.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,035,855 shares of the company’s stock after buying an additional 282,930 shares during the quarter. Nordea Investment Management AB owned 0.13% of Procter & Gamble worth $465,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OLD Mission Capital LLC bought a new position in Procter & Gamble during the third quarter valued at $349,000. Morgan Stanley lifted its position in shares of Procter & Gamble by 5.0% during the 2nd quarter. Morgan Stanley now owns 34,500,719 shares of the company’s stock valued at $4,655,181,000 after buying an additional 1,632,893 shares during the last quarter. Keudell Morrison Wealth Management grew its stake in shares of Procter & Gamble by 2.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 9,450 shares of the company’s stock worth $1,321,000 after acquiring an additional 219 shares during the period. Center for Financial Planning Inc. increased its holdings in Procter & Gamble by 4.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 20,270 shares of the company’s stock worth $2,834,000 after acquiring an additional 816 shares during the last quarter. Finally, EagleClaw Capital Managment LLC raised its stake in Procter & Gamble by 17.0% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 6,775 shares of the company’s stock valued at $946,000 after acquiring an additional 985 shares during the period. Institutional investors own 63.64% of the company’s stock.

Several analysts have recently issued reports on PG shares. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $179.00 to $185.00 in a research report on Thursday, April 21st. Raymond James boosted their target price on shares of Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. The Goldman Sachs Group cut their price target on Procter & Gamble from $179.00 to $173.00 in a report on Tuesday, March 29th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Finally, Credit Suisse Group raised their target price on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.80.

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 334 shares of the business’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the sale, the chief accounting officer now directly owns 1,220 shares of the company’s stock, valued at $198,164.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the firm’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $164.10, for a total value of $2,953,800.00. Following the transaction, the chief executive officer now directly owns 7,020 shares in the company, valued at $1,151,982. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock worth $17,777,055 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

Shares of Procter & Gamble stock opened at $136.37 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The Procter & Gamble Company has a 1 year low of $129.50 and a 1 year high of $165.35. The firm has a market cap of $327.19 billion, a PE ratio of 23.80, a PEG ratio of 3.74 and a beta of 0.40. The company has a 50 day simple moving average of $150.09 and a two-hundred day simple moving average of $154.56.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The company had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. As a group, research analysts anticipate that The Procter & Gamble Company will post 5.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were issued a $0.9133 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s dividend payout ratio is presently 63.70%.

Procter & Gamble Company Profile (Get Rating)

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

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

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