Lombard Odier Asset Management Switzerland SA Increases Holdings in Procter & Gamble Company (The) $PG

Lombard Odier Asset Management Switzerland SA lifted its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 17.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,505 shares of the company’s stock after acquiring an additional 16,630 shares during the period. Procter & Gamble accounts for about 0.6% of Lombard Odier Asset Management Switzerland SA’s portfolio, making the stock its 26th biggest holding. Lombard Odier Asset Management Switzerland SA’s holdings in Procter & Gamble were worth $16,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Norges Bank bought a new position in shares of Procter & Gamble during the fourth quarter worth $4,664,783,000. Cardano Risk Management B.V. lifted its stake in Procter & Gamble by 1,104.8% in the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock worth $1,364,518,000 after purchasing an additional 8,731,126 shares in the last quarter. Auto Owners Insurance Co lifted its stake in Procter & Gamble by 14,231.0% in the 4th quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock worth $508,700,000 after purchasing an additional 3,524,876 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Procter & Gamble by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. Finally, Amundi grew its position in shares of Procter & Gamble by 26.3% during the third quarter. Amundi now owns 10,682,455 shares of the company’s stock valued at $1,606,748,000 after purchasing an additional 2,222,560 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Trending Headlines about Procter & Gamble

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PG shares. Barclays lifted their target price on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. The Goldman Sachs Group reduced their price objective on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Morgan Stanley lowered their target price on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Sanford C. Bernstein initiated coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.74.

Read Our Latest Stock Report on Procter & Gamble

Procter & Gamble Stock Up 0.2%

Shares of PG opened at $147.30 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $147.33 and a 200 day moving average of $148.70. The company has a market cap of $343.00 billion, a PE ratio of 21.53, a P/E/G ratio of 7.33 and a beta of 0.39. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. On average, sell-side analysts expect that Procter & Gamble Company will post 6.88 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s dividend payout ratio is presently 63.60%.

Procter & Gamble Company Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

See Also

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

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