Public Employees Retirement Association of Colorado Has $41.18 Million Position in Procter & Gamble Company (The) (PG)

Public Employees Retirement Association of Colorado lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.9% during the third quarter, HoldingsChannel.com reports. The firm owned 452,651 shares of the company’s stock after selling 23,521 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Procter & Gamble were worth $41,182,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Asset Planning Services Ltd. grew its holdings in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP bought a new stake in Procter & Gamble in the 2nd quarter worth $119,000. Kohmann Bosshard Financial Services LLC bought a new stake in Procter & Gamble in the 3rd quarter worth $125,000. Blume Capital Management Inc. grew its holdings in Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares during the last quarter. Finally, Winfield Associates Inc. grew its holdings in Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after acquiring an additional 15 shares during the last quarter. Institutional investors own 59.56% of the company’s stock.

Shares of Procter & Gamble Company (PG) opened at $90.47 on Thursday. Procter & Gamble Company has a 52 week low of $83.28 and a 52 week high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The company has a market cap of $229,520.00, a PE ratio of 24.19, a P/E/G ratio of 2.93 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Procter & Gamble’s quarterly revenue was up .8% on a year-over-year basis. analysts expect that Procter & Gamble Company will post 4.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 73.80%.

PG has been the topic of a number of research reports. Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 target price on the stock in a research note on Friday, September 15th. Jefferies Group reaffirmed a “buy” rating and set a $104.00 target price (up previously from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Morgan Stanley cut their target price on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $89.31.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the transaction, the insider now directly owns 85,495 shares of the company’s stock, valued at $7,438,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the transaction, the insider now directly owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold 21,575 shares of company stock worth $1,927,095 in the last three months. 0.35% of the stock is currently owned by insiders.

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Procter & Gamble 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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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