Intech Investment Management LLC Has $41.32 Million Position in The Procter & Gamble Company (NYSE:PG)

Intech Investment Management LLC lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,565 shares of the company’s stock after buying an additional 15,840 shares during the period. Intech Investment Management LLC’s holdings in Procter & Gamble were worth $41,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Procter & Gamble by 6.7% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 885,429 shares of the company’s stock valued at $153,356,000 after purchasing an additional 55,825 shares during the last quarter. Cornerstone Advisors LLC boosted its position in Procter & Gamble by 7.3% during the third quarter. Cornerstone Advisors LLC now owns 132,100 shares of the company’s stock valued at $22,880,000 after purchasing an additional 9,000 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Procter & Gamble by 3.1% during the third quarter. Citizens Financial Group Inc. RI now owns 582,814 shares of the company’s stock valued at $100,943,000 after purchasing an additional 17,727 shares during the last quarter. Payden & Rygel boosted its position in Procter & Gamble by 0.5% during the third quarter. Payden & Rygel now owns 110,780 shares of the company’s stock valued at $19,187,000 after purchasing an additional 500 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Procter & Gamble by 1.2% during the third quarter. EverSource Wealth Advisors LLC now owns 14,807 shares of the company’s stock valued at $2,565,000 after purchasing an additional 175 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, CEO Jon R. Moeller sold 87,979 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the sale, the chief executive officer now owns 300,777 shares of the company’s stock, valued at $51,252,400.80. This trade represents a 22.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 174,727 shares of company stock valued at $29,694,037 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.1 %

Shares of PG stock opened at $170.92 on Thursday. The stock’s fifty day moving average price is $170.01 and its two-hundred day moving average price is $168.51. The company has a market cap of $402.52 billion, a PE ratio of 29.47, a P/E/G ratio of 3.69 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 EPS. Equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Finally, Morgan Stanley upped their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.