Bank Pictet & Cie Asia Ltd. Lowers Position in The Procter & Gamble Company (NYSE:PG)

Bank Pictet & Cie Asia Ltd. lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,238 shares of the company’s stock after selling 672 shares during the quarter. Procter & Gamble makes up 0.6% of Bank Pictet & Cie Asia Ltd.’s portfolio, making the stock its 25th biggest position. Bank Pictet & Cie Asia Ltd.’s holdings in Procter & Gamble were worth $2,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Johnson Bixby & Associates LLC raised its stake in shares of Procter & Gamble by 232.0% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 9,851 shares of the company’s stock worth $1,377,000 after acquiring an additional 6,884 shares in the last quarter. Clarkston Capital Partners LLC boosted its position in shares of Procter & Gamble by 6.3% in the 2nd quarter. Clarkston Capital Partners LLC now owns 107,763 shares of the company’s stock worth $14,540,000 after purchasing an additional 6,430 shares in the last quarter. NewEdge Wealth LLC grew its stake in Procter & Gamble by 9.5% during the 2nd quarter. NewEdge Wealth LLC now owns 59,702 shares of the company’s stock worth $8,056,000 after buying an additional 5,161 shares during the last quarter. GWM Advisors LLC increased its position in Procter & Gamble by 2.9% during the 3rd quarter. GWM Advisors LLC now owns 63,801 shares of the company’s stock valued at $8,919,000 after buying an additional 1,823 shares in the last quarter. Finally, Aureus Asset Management LLC increased its holdings in shares of Procter & Gamble by 374.6% during the second quarter. Aureus Asset Management LLC now owns 39,238 shares of the company’s stock valued at $5,294,000 after acquiring an additional 30,970 shares in the last quarter. 62.86% of the stock is owned by hedge funds and other institutional investors.

PG traded down $0.13 on Thursday, reaching $158.88. The stock had a trading volume of 114,115 shares, compared to its average volume of 8,070,355. The business’s 50-day moving average price is $153.99 and its two-hundred day moving average price is $145.87. The company has a market cap of $384.48 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 4.00 and a beta of 0.47. The Procter & Gamble Company has a 12-month low of $121.54 and a 12-month high of $165.32. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Monday, October 18th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. Procter & Gamble had a return on equity of 31.49% and a net margin of 18.33%. The company had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $19.87 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. Procter & Gamble’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 5.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 15th. Investors of record on Friday, January 21st will be paid a $0.8698 dividend. The ex-dividend date is Thursday, January 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.19%. Procter & Gamble’s dividend payout ratio is currently 63.62%.

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 1,200 shares of Procter & Gamble stock in a transaction on Tuesday, October 26th. The shares were sold at an average price of $143.00, for a total transaction of $171,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman David S. Taylor sold 50,000 shares of the stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $146.00, for a total transaction of $7,300,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 151,249 shares of company stock valued at $22,257,187. 0.51% of the stock is owned by insiders.

A number of research analysts have issued reports on the stock. Bank of America assumed coverage on shares of Procter & Gamble in a research note on Tuesday, October 5th. They set a “buy” rating on the stock. Royal Bank of Canada restated a “hold” rating and issued a $150.00 target price on shares of Procter & Gamble in a research note on Tuesday, December 21st. Berenberg Bank reiterated a “hold” rating and set a $146.00 price target on shares of Procter & Gamble in a research note on Wednesday, October 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, October 20th. Finally, Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a report on Tuesday, October 5th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $149.44.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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