Procter & Gamble Co (PG) Position Reduced by Unigestion Holding SA

Unigestion Holding SA cut its holdings in Procter & Gamble Co (NYSE:PG) by 71.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,693 shares of the company’s stock after selling 1,026,298 shares during the period. Unigestion Holding SA’s holdings in Procter & Gamble were worth $34,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PG. Wagner Wealth Management LLC increased its position in shares of Procter & Gamble by 9.4% during the third quarter. Wagner Wealth Management LLC now owns 6,566 shares of the company’s stock worth $546,000 after acquiring an additional 566 shares during the period. Citizens Financial Group Inc RI increased its position in shares of Procter & Gamble by 1.7% during the third quarter. Citizens Financial Group Inc RI now owns 34,929 shares of the company’s stock worth $2,906,000 after acquiring an additional 587 shares during the period. First Midwest Bank Trust Division increased its position in shares of Procter & Gamble by 1.0% during the third quarter. First Midwest Bank Trust Division now owns 62,436 shares of the company’s stock worth $5,196,000 after acquiring an additional 607 shares during the period. Ridgewood Investments LLC increased its position in shares of Procter & Gamble by 14.1% during the second quarter. Ridgewood Investments LLC now owns 5,049 shares of the company’s stock worth $394,000 after acquiring an additional 623 shares during the period. Finally, ELM Advisors LLC increased its position in shares of Procter & Gamble by 9.3% during the third quarter. ELM Advisors LLC now owns 7,293 shares of the company’s stock worth $607,000 after acquiring an additional 623 shares during the period. Hedge funds and other institutional investors own 61.36% of the company’s stock.

In other news, CEO David S. Taylor sold 16,338 shares of the stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $94.62, for a total transaction of $1,545,901.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 1,075 shares of the stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $92.96, for a total transaction of $99,932.00. The disclosure for this sale can be found here. Insiders sold 147,504 shares of company stock valued at $14,048,460 in the last 90 days. 1.84% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on PG shares. Zacks Investment Research reaffirmed a “hold” rating and set a $102.00 price objective on shares of Procter & Gamble in a research report on Monday, December 31st. Berenberg Bank set a $78.00 target price on shares of Procter & Gamble and gave the stock a “sell” rating in a research note on Monday, October 22nd. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research note on Friday, October 19th. Societe Generale set a $87.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. Finally, Bank of America boosted their target price on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 6th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $95.00.

NYSE PG traded down $0.06 during trading hours on Wednesday, hitting $99.21. The company had a trading volume of 2,615,273 shares, compared to its average volume of 10,498,143. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $99.34. The company has a market capitalization of $246.33 billion, a PE ratio of 23.51, a P/E/G ratio of 3.14 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Procter & Gamble’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts expect that Procter & Gamble Co will post 4.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, January 18th will be paid a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $2.87 annualized dividend and a yield of 2.89%. Procter & Gamble’s dividend payout ratio is presently 68.01%.

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About Procter & Gamble

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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