Procter & Gamble Company (The) (NYSE:PG) Stake Raised by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its position in Procter & Gamble Company (The) (NYSE:PG) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the SEC.

Several other hedge funds have also modified their holdings of PG. Empirical Finance LLC acquired a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $101,000. Asset Planning Services Ltd. increased 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 worth $107,000 after buying an additional 526 shares during the last quarter. Edge Wealth Management LLC increased its stake in shares of 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 during the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in shares of Procter & Gamble Company (The) during the first quarter worth about $184,000. Finally, New Capital Management LP acquired a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $210,000. 59.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Procter & Gamble Company (NYSE PG) opened at 86.77 on Wednesday. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.00. The stock’s 50 day moving average price is $87.86 and its 200 day moving average price is $88.03. The firm has a market cap of $221.92 billion, a price-to-earnings ratio of 15.95 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $15.61 billion during the quarter, compared to the consensus estimate of $15.70 billion. Procter & Gamble Company (The) had a return on equity of 19.30% and a net margin of 23.14%. Procter & Gamble Company (The)’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share. Equities research analysts predict that Procter & Gamble Company will post $3.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.18%. Procter & Gamble Company (The)’s dividend payout ratio is currently 50.55%.

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A number of analysts recently issued reports on PG shares. Jefferies Group LLC reissued a “buy” rating and set a $101.00 price objective on shares of Procter & Gamble Company (The) in a research report on Thursday, March 16th. Vetr raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective for the company in a research report on Wednesday, April 26th. Capital One Financial Corporation downgraded Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $5.00 to $2.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Finally, Stifel Nicolaus lowered their target price on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating for the company in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $86.42.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 3,837 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $87.00, for a total transaction of $333,819.00. Following the transaction, the insider now owns 46,913 shares of the company’s stock, valued at approximately $4,081,431. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven D. Bishop sold 2,668 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $87.34, for a total value of $233,023.12. Following the transaction, the insider now directly owns 43,608 shares in the company, valued at approximately $3,808,722.72. The disclosure for this sale can be found here. Insiders sold 199,891 shares of company stock valued at $17,276,637 in the last three months. 0.35% of the stock is currently owned by company insiders.

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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