Candriam Luxembourg S.C.A. Raises Position in Procter & Gamble Company (The) (NYSE:PG)

Candriam Luxembourg S.C.A. boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,685 shares of the company’s stock after buying an additional 6,607 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Procter & Gamble Company (The) were worth $20,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Empirical Finance LLC bought a new stake in shares of Procter & Gamble Company (The) during the fourth quarter valued at about $101,000. Asset Planning Services Ltd. boosted its stake in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the last quarter. Edge Wealth Management LLC boosted its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in Procter & Gamble Company (The) during the first quarter worth $184,000. Finally, New Capital Management LP acquired a new stake in Procter & Gamble Company (The) during the fourth quarter worth $210,000. Institutional investors and hedge funds own 59.78% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded down 0.21% during trading on Friday, reaching $90.67. 5,824,439 shares of the company’s stock were exchanged. The company has a market capitalization of $231.51 billion, a PE ratio of 16.21 and a beta of 0.68. The company’s 50-day moving average is $88.56 and its 200-day moving average is $88.68. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.00.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. Equities research analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

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A number of analysts have recently commented on PG shares. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price on the stock in a research report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and set a $103.00 price target on shares of Procter & Gamble Company (The) in a report on Wednesday, April 26th. Stifel Nicolaus lowered their price target on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a report on Thursday, April 27th. Zacks Investment Research raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $88.21.

In other Procter & Gamble Company (The) news, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders sold 203,898 shares of company stock valued at $17,666,387 in the last quarter. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) Company Profile

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 Company (The) (NYSE:PG)

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