Mn Services Vermogensbeheer B.V. Sells 23,400 Shares of The Procter & Gamble Company (NYSE:PG)

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 931,627 shares of the company’s stock after selling 23,400 shares during the quarter. Procter & Gamble makes up 1.1% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 12th biggest position. Mn Services Vermogensbeheer B.V.’s holdings in Procter & Gamble were worth $153,644,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. HighPoint Advisor Group LLC purchased a new stake in Procter & Gamble in the fourth quarter worth $17,696,000. Campbell Wealth Management increased its stake in shares of Procter & Gamble by 13.1% in the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after acquiring an additional 231 shares in the last quarter. Herold Advisors Inc. lifted its position in Procter & Gamble by 2.2% during the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after acquiring an additional 581 shares during the period. V Square Quantitative Management LLC grew its holdings in Procter & Gamble by 29.0% in the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock worth $7,010,000 after purchasing an additional 9,716 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Procter & Gamble by 15.7% during the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after purchasing an additional 15,599 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now owns 13,721 shares in the company, valued at $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the sale, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The disclosure for this sale can be found here. Insiders sold 223,259 shares of company stock worth $37,948,393 in the last quarter. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PG shares. BNP Paribas started coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Evercore ISI lifted their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Price Performance

Shares of PG stock traded down $0.98 on Friday, hitting $169.17. 4,771,267 shares of the stock traded hands, compared to its average volume of 6,597,829. The firm has a market cap of $399.26 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 3.64 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $167.29 and a two-hundred day simple moving average of $163.65. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $171.89.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter last year, the company earned $1.37 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is presently 65.69%.

Procter & Gamble Profile

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.