Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Procter & Gamble Co (PG)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Procter & Gamble Co (NYSE:PG) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,114,806 shares of the company’s stock after acquiring an additional 83,739 shares during the quarter. Procter & Gamble makes up about 0.9% of Zurcher Kantonalbank Zurich Cantonalbank’s investment portfolio, making the stock its 11th largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Procter & Gamble were worth $101,425,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in shares of Procter & Gamble by 23.7% during the third quarter. Assetmark Inc. now owns 169,324 shares of the company’s stock valued at $15,405,000 after buying an additional 32,491 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Procter & Gamble by 11.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 19,000 shares of the company’s stock valued at $1,729,000 after acquiring an additional 1,900 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Procter & Gamble by 114.4% during the third quarter. Harbour Capital Advisors LLC now owns 12,165 shares of the company’s stock valued at $1,107,000 after acquiring an additional 6,490 shares in the last quarter. Autus Asset Management LLC increased its holdings in shares of Procter & Gamble by 23.4% during the third quarter. Autus Asset Management LLC now owns 17,555 shares of the company’s stock valued at $1,597,000 after acquiring an additional 3,331 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Procter & Gamble by 3.0% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 96,176 shares of the company’s stock valued at $8,750,000 after acquiring an additional 2,810 shares in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on PG shares. Royal Bank of Canada restated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a report on Monday, October 23rd. Deutsche Bank started coverage on shares of Procter & Gamble in a report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price objective on the stock. Jefferies Group restated a “buy” rating and set a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $88.38.

In other news, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathleen B. Fish sold 10,192 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total transaction of $886,398.24. The disclosure for this sale can be found here. Insiders have sold a total of 75,981 shares of company stock worth $6,739,389 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Co (NYSE:PG) opened at $79.92 on Friday. The firm has a market cap of $202,750.00, a P/E ratio of 21.31, a P/E/G ratio of 2.55 and a beta of 0.51. Procter & Gamble Co has a fifty-two week low of $78.59 and a fifty-two week high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. analysts expect that Procter & Gamble Co will post 4.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.45%. Procter & Gamble’s payout ratio is 73.60%.

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About Procter & Gamble

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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