First Trust Advisors LP Has $128.74 Million Stock Holdings in Procter & Gamble Co (NYSE:PG)

First Trust Advisors LP lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 12.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,035,046 shares of the company’s stock after buying an additional 111,274 shares during the quarter. First Trust Advisors LP’s holdings in Procter & Gamble were worth $128,739,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after acquiring an additional 3,786,962 shares during the period. BlackRock Inc. increased its holdings in Procter & Gamble by 1.5% in the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after buying an additional 2,470,382 shares during the period. Phocas Financial Corp. increased its holdings in Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $77,920,000 after buying an additional 71,055,523 shares during the period. Northern Trust Corp increased its holdings in Procter & Gamble by 0.9% in the 2nd quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock valued at $3,625,519,000 after buying an additional 295,521 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in Procter & Gamble by 6,899.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after buying an additional 18,153,758 shares during the period. Institutional investors own 65.62% of the company’s stock.

PG opened at $119.70 on Friday. The company’s 50 day moving average is $121.95 and its 200-day moving average is $115.01. Procter & Gamble Co has a 1-year low of $86.74 and a 1-year high of $125.77. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The company has a market cap of $296.51 billion, a P/E ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The company had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same period last year, the company posted $1.12 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Procter & Gamble Co will post 4.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s payout ratio is currently 65.93%.

In related news, VP Valarie L. Sheppard sold 1,729 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $119.80, for a total transaction of $207,134.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nelson Peltz sold 936,280 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $123.87, for a total transaction of $115,977,003.60. Following the sale, the director now owns 3,844 shares in the company, valued at $476,156.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,645,966 shares of company stock worth $202,229,770. 1.75% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. SunTrust Banks raised their target price on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Macquarie raised their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $115.00.

Procter & Gamble Company 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.

See Also: Stock Split

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

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