Credit Agricole S A Acquires 1,064 Shares of Procter & Gamble Co (PG)

Credit Agricole S A boosted its holdings in Procter & Gamble Co (NYSE:PG) by 70.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,575 shares of the company’s stock after purchasing an additional 1,064 shares during the quarter. Credit Agricole S A’s holdings in Procter & Gamble were worth $202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Procter & Gamble by 2.2% during the second quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock valued at $12,969,690,000 after buying an additional 3,551,051 shares during the last quarter. Yacktman Asset Management LP grew its holdings in shares of Procter & Gamble by 0.7% during the second quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock valued at $1,209,015,000 after buying an additional 105,318 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Procter & Gamble by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 14,414,335 shares of the company’s stock valued at $1,125,183,000 after buying an additional 474,529 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Procter & Gamble by 9.3% during the first quarter. Loomis Sayles & Co. L P now owns 10,901,136 shares of the company’s stock valued at $864,242,000 after buying an additional 928,541 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Procter & Gamble by 3.7% during the second quarter. Fisher Asset Management LLC now owns 9,844,145 shares of the company’s stock valued at $768,434,000 after buying an additional 351,075 shares during the last quarter. Institutional investors and hedge funds own 58.78% of the company’s stock.

Shares of Procter & Gamble stock opened at $93.32 on Tuesday. The company has a market cap of $238.26 billion, a P/E ratio of 22.11, a P/E/G ratio of 3.10 and a beta of 0.37. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $94.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, research analysts anticipate that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were given a dividend of $0.7172 per share. The ex-dividend date was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a yield of 3.07%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.

In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 228,905 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $91.88, for a total value of $21,031,791.40. Following the transaction, the insider now directly owns 209,033 shares in the company, valued at $19,205,952.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Taylor sold 63,113 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the completion of the transaction, the chief executive officer now owns 226,393 shares in the company, valued at $20,755,710.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 501,859 shares of company stock worth $46,337,254. 1.84% of the stock is owned by insiders.

A number of equities research analysts have recently commented on PG shares. Deutsche Bank increased their price target on shares of Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Wells Fargo & Co reiterated a “hold” rating and set a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Atlantic Securities started coverage on shares of Procter & Gamble in a report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price target on the stock. Finally, Bank of America increased their price target on shares of Procter & Gamble from $82.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.38.

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Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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