Capital International Investors Has $892.35 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Capital International Investors grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 5,499,821 shares of the company’s stock after purchasing an additional 1,418 shares during the period. Capital International Investors’ holdings in Procter & Gamble were worth $892,346,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Procter & Gamble during the 4th quarter worth approximately $3,956,117,000. Charles Schwab Investment Management Inc. lifted its holdings in Procter & Gamble by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after buying an additional 206,165 shares during the period. Fisher Asset Management LLC boosted its position in Procter & Gamble by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after acquiring an additional 559,358 shares during the last quarter. Franklin Resources Inc. grew its holdings in Procter & Gamble by 2.6% during the 4th quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock worth $1,402,636,000 after acquiring an additional 246,323 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Procter & Gamble by 17.1% in the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock worth $1,390,963,000 after acquiring an additional 1,387,539 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the company from $182.00 to $175.00 in a research report on Wednesday. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday. BNP Paribas started coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $170.00 to $181.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Barclays lifted their price target on shares of Procter & Gamble from $170.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $174.29.

Insider Activity at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $164.90, for a total value of $5,253,549.10. Following the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,605,961.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 125,320 shares of company stock valued at $20,696,223 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 1.3 %

Procter & Gamble stock traded up $2.25 during trading on Friday, hitting $169.15. 5,580,981 shares of the company were exchanged, compared to its average volume of 6,492,430. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $166.40 and its 200 day moving average is $161.51. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $170.92. The company has a market capitalization of $399.22 billion, a P/E ratio of 27.64, a PEG ratio of 3.15 and a beta of 0.41.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a $1.0065 dividend. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.