Achmea Investment Management B.V. Trims Stake in Procter & Gamble Co (PG)

Achmea Investment Management B.V. reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 26.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 253,318 shares of the company’s stock after selling 92,239 shares during the period. Procter & Gamble comprises 0.8% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 24th biggest position. Achmea Investment Management B.V.’s holdings in Procter & Gamble were worth $21,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Chemical Bank lifted its stake in shares of Procter & Gamble by 2.0% during the 3rd quarter. Chemical Bank now owns 107,731 shares of the company’s stock valued at $8,966,000 after buying an additional 2,141 shares in the last quarter. Westchester Capital Management Inc. lifted its stake in shares of Procter & Gamble by 2.6% during the 3rd quarter. Westchester Capital Management Inc. now owns 93,493 shares of the company’s stock valued at $7,781,000 after buying an additional 2,365 shares in the last quarter. Fulcrum Capital LLC lifted its stake in shares of Procter & Gamble by 2.4% during the 3rd quarter. Fulcrum Capital LLC now owns 37,936 shares of the company’s stock valued at $3,157,000 after buying an additional 896 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its stake in shares of Procter & Gamble by 17.5% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 6,645 shares of the company’s stock valued at $553,000 after buying an additional 988 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its stake in shares of Procter & Gamble by 49.1% during the 3rd quarter. Dupont Capital Management Corp now owns 104,418 shares of the company’s stock valued at $8,691,000 after buying an additional 34,390 shares in the last quarter. 61.36% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:PG opened at $99.24 on Thursday. The firm has a market capitalization of $246.33 billion, a PE ratio of 23.52, a P/E/G ratio of 3.14 and a beta of 0.38. Procter & Gamble Co has a one year low of $70.73 and a one year high of $99.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.04. The firm had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The business’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 $1.19 EPS. Research analysts expect that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.

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

In related news, CEO David S. Taylor sold 16,338 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $94.62, for a total transaction of $1,545,901.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ma. Fatima Francisco sold 9,000 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $99.50, for a total transaction of $895,500.00. Following the transaction, the insider now directly owns 14,431 shares in the company, valued at approximately $1,435,884.50. The disclosure for this sale can be found here. Insiders sold a total of 156,504 shares of company stock worth $14,943,960 in the last three months. Insiders own 1.84% of the company’s stock.

Several research firms have issued reports on PG. UBS Group increased their target price on shares of Procter & Gamble from $82.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, October 22nd. Citigroup increased their target price on shares of Procter & Gamble from $93.00 to $99.00 and gave the stock a “buy” rating in a research note on Monday, October 22nd. Bank of America upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Thursday, December 13th. Macquarie increased their target price on shares of Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Monday, October 22nd. Finally, 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. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $95.00.

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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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