Mawer Investment Management Ltd. Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Mawer Investment Management Ltd. increased its position in The Procter & Gamble Company (NYSE:PG) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,073,838 shares of the company’s stock after buying an additional 95,858 shares during the period. Procter & Gamble accounts for about 2.1% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 19th biggest position. Mawer Investment Management Ltd. owned about 0.13% of Procter & Gamble worth $429,723,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Capital Directions Investment Advisors LLC purchased a new stake in Procter & Gamble during the third quarter valued at approximately $27,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in Procter & Gamble during the third quarter valued at approximately $29,000. Monumental Financial Group Inc. purchased a new stake in Procter & Gamble during the second quarter valued at approximately $47,000. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the second quarter valued at approximately $60,000. Finally, Strategic Asset Management LLC purchased a new stake in Procter & Gamble during the third quarter valued at approximately $62,000. Institutional investors own 62.86% of the company’s stock.

A number of research firms have recently commented on PG. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research note on Tuesday, October 5th. Bank of America began coverage on Procter & Gamble in a research note on Tuesday, October 5th. They set a “buy” rating on the stock. Berenberg Bank reaffirmed a “hold” rating and set a $146.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 20th. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, October 20th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $150.00 target price on shares of Procter & Gamble in a research note on Tuesday, December 21st. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $149.44.

Procter & Gamble stock traded up $2.00 during mid-day trading on Friday, reaching $160.29. 168,754 shares of the company were exchanged, compared to its average volume of 8,360,676. The business has a fifty day moving average of $154.25 and a 200 day moving average of $145.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $387.89 billion, a P/E ratio of 28.91, a PEG 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.

Procter & Gamble (NYSE:PG) last posted its 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. The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.87 billion. Procter & Gamble had a return on equity of 31.49% and a net margin of 18.33%. Procter & Gamble’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. Sell-side analysts predict that The Procter & Gamble Company will post 5.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Stockholders of record on Friday, January 21st will be issued a dividend of $0.8698 per share. The ex-dividend date is Thursday, January 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.17%. Procter & Gamble’s dividend payout ratio is presently 63.62%.

In other news, Chairman David S. Taylor sold 50,000 shares of the stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $146.00, for a total transaction of $7,300,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ma. Fatima Francisco sold 1,200 shares of the stock in a transaction on Tuesday, October 26th. The shares were sold at an average price of $143.00, for a total value of $171,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,249 shares of company stock valued at $22,257,187. Company insiders own 0.51% of the company’s stock.

About Procter & Gamble

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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