Gabalex Capital Management LLC Purchases New Shares in Procter & Gamble Co (NYSE:PG)

Gabalex Capital Management LLC purchased a new stake in Procter & Gamble Co (NYSE:PG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,000 shares of the company’s stock, valued at approximately $4,386,000. Procter & Gamble accounts for approximately 1.1% of Gabalex Capital Management LLC’s portfolio, making the stock its 21st biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Procter & Gamble by 26.4% in the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after purchasing an additional 7,389,251 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Procter & Gamble by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 25,152,723 shares of the company’s stock valued at $2,312,039,000 after purchasing an additional 775,146 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Procter & Gamble by 7.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,255,888 shares of the company’s stock valued at $1,034,640,000 after purchasing an additional 788,247 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Procter & Gamble by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 10,334,800 shares of the company’s stock valued at $949,975,000 after purchasing an additional 299,281 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Procter & Gamble by 24.3% in the 4th quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock valued at $797,192,000 after purchasing an additional 1,698,051 shares in the last quarter. 62.57% of the stock is currently owned by hedge funds and other institutional investors.

PG has been the topic of a number of research reports. Stifel Nicolaus set a $117.00 price objective on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. SunTrust Banks lifted their price target on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank lifted their price target on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, June 17th. DZ Bank reiterated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Finally, UBS Group set a $122.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Procter & Gamble has an average rating of “Hold” and an average price target of $108.15.

Shares of PG opened at $119.88 on Tuesday. The firm has a market cap of $298.22 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 3.45 and a beta of 0.45. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $121.76. The company’s 50-day moving average price is $115.45 and its 200 day moving average price is $106.84. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. Procter & Gamble’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Equities research analysts forecast that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were issued a $0.7459 dividend. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.

In related news, insider Mary Theresa Grabowski sold 5,200 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total value of $619,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 25,645 shares of Procter & Gamble stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $106.08, for a total value of $2,720,421.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,392 shares of company stock worth $32,382,367. 1.84% of the stock is owned by insiders.

Procter & Gamble Profile

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.

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

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