Procter & Gamble Co (NYSE:PG) Stock Holdings Boosted by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 614,222 shares of the company’s stock after acquiring an additional 54,500 shares during the quarter. Procter & Gamble accounts for 0.9% of Virginia Retirement Systems ET AL’s portfolio, making the stock its 17th largest holding. Virginia Retirement Systems ET AL’s holdings in Procter & Gamble were worth $76,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Slow Capital Inc. raised its position in shares of Procter & Gamble by 3.9% in the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock valued at $254,000 after purchasing an additional 86 shares during the period. Stony Point Wealth Management Inc. increased its holdings in Procter & Gamble by 0.7% during the 2nd quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock worth $1,485,000 after acquiring an additional 91 shares during the period. Centric Wealth Management increased its holdings in Procter & Gamble by 0.9% during the 3rd quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock worth $1,295,000 after acquiring an additional 91 shares during the period. Family Legacy Inc. increased its holdings in Procter & Gamble by 0.6% during the 2nd quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock worth $1,772,000 after acquiring an additional 95 shares during the period. Finally, Earnest Partners LLC increased its holdings in Procter & Gamble by 8.0% during the 2nd quarter. Earnest Partners LLC now owns 1,296 shares of the company’s stock worth $142,000 after acquiring an additional 96 shares during the period. 65.64% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. SunTrust Banks upped their target price on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Credit Suisse Group upped their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TheStreet lowered shares of Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Goldman Sachs Group set a $136.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group set a $122.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus target price of $111.79.

PG stock traded up $0.91 during midday trading on Wednesday, reaching $123.09. The company had a trading volume of 3,891,592 shares, compared to its average volume of 6,371,078. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. Procter & Gamble Co has a 1 year low of $86.01 and a 1 year high of $125.36. The company has a market capitalization of $298.01 billion, a P/E ratio of 27.23, a P/E/G ratio of 3.46 and a beta of 0.42. The firm has a 50-day moving average price of $121.70 and a 200-day moving average price of $113.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The company had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that Procter & Gamble Co will post 4.84 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

In other Procter & Gamble news, CEO Steven D. Bishop sold 32,945 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $117.00, for a total transaction of $3,854,565.00. Following the completion of the sale, the chief executive officer now owns 78,052 shares of the company’s stock, valued at approximately $9,132,084. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Valarie L. Sheppard sold 1,259 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total transaction of $151,533.24. Following the sale, the vice president now directly owns 26,094 shares of the company’s stock, valued at approximately $3,140,673.84. The disclosure for this sale can be found here. Insiders sold a total of 451,354 shares of company stock valued at $53,518,874 in the last ninety days. 1.75% of the stock is owned by corporate 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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