Conning Inc. Sells 4,099 Shares of Procter & Gamble Co (PG)

Conning Inc. decreased its stake in Procter & Gamble Co (NYSE:PG) by 0.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 439,206 shares of the company’s stock after selling 4,099 shares during the quarter. Procter & Gamble makes up 1.4% of Conning Inc.’s holdings, making the stock its 11th largest position. Conning Inc.’s holdings in Procter & Gamble were worth $39,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PG. Vanguard Group Inc. raised its holdings in shares of Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after acquiring an additional 4,066,266 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after acquiring an additional 2,164,426 shares during the last quarter. Trian Fund Management L.P. raised its holdings in shares of Procter & Gamble by 2.4% during the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after acquiring an additional 893,157 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Procter & Gamble by 8.1% in the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after purchasing an additional 934,179 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares during the last quarter. Institutional investors own 59.57% of the company’s stock.

Procter & Gamble Co (NYSE PG) opened at $89.05 on Wednesday. The stock has a market capitalization of $225,920.00, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.91 and a beta of 0.67. Procter & Gamble Co has a fifty-two week low of $85.42 and a fifty-two week high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. Procter & Gamble’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. research analysts anticipate that Procter & Gamble Co will post 4.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.10%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.80%.

In other news, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $89.80, for a total value of $438,044.40. Following the sale, the insider now owns 25,429 shares in the company, valued at approximately $2,283,524.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,719 shares of company stock valued at $1,661,544. 0.35% of the stock is currently owned by company insiders.

PG has been the subject of several recent research reports. Deutsche Bank initiated coverage on Procter & Gamble in a report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price target for the company. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Vetr lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective for the company. in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $88.59.

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About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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