Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 272,132 shares of the company’s stock after buying an additional 7,502 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Procter & Gamble were worth $46,377,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cladis Investment Advisory LLC grew its stake in shares of Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after purchasing an additional 236 shares during the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after buying an additional 549 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after buying an additional 4,562 shares during the period. World Investment Advisors boosted its holdings in shares of Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after buying an additional 2,886 shares during the period. Finally, Yoffe Investment Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth about $1,874,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James Financial decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. UBS Group decreased their target price on shares of Procter & Gamble from $186.00 to $180.00 and set a “buy” rating for the company in a report on Thursday. Barclays raised their price target on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Finally, Evercore ISI restated an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $176.84.

Procter & Gamble Price Performance

NYSE PG opened at $155.08 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $363.59 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 4.41 and a beta of 0.40. The company has a 50 day moving average price of $161.31 and a two-hundred day moving average price of $164.42. Procter & Gamble Company has a 12-month low of $151.90 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s payout ratio is 67.14%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.