Oregon Public Employees Retirement Fund Sells 14,514 Shares of The Procter & Gamble Company (NYSE:PG)


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Oregon Public Employees Retirement Fund trimmed its position in The Procter & Gamble Company (NYSE:PG) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 466,457 shares of the company’s stock after selling 14,514 shares during the period. The Procter & Gamble accounts for 0.9% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 19th biggest position. Oregon Public Employees Retirement Fund’s holdings in The Procter & Gamble were worth $64,903,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MD Financial Management Inc. purchased a new stake in shares of The Procter & Gamble during the 4th quarter valued at $28,000. Greenhouse Wealth Management LLC purchased a new stake in shares of The Procter & Gamble during the 4th quarter valued at $31,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of The Procter & Gamble during the 3rd quarter valued at $32,000. Flagship Private Wealth LLC purchased a new stake in shares of The Procter & Gamble during the 4th quarter valued at $36,000. Finally, IMA Wealth Inc. raised its position in shares of The Procter & Gamble by 36.0% during the 3rd quarter. IMA Wealth Inc. now owns 302 shares of the company’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. 63.05% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Nelson Peltz sold 306,567 shares of the business’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $137.31, for a total transaction of $42,094,714.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 95,163 shares of the business’s stock in a transaction dated Thursday, January 21st. The stock was sold at an average price of $130.65, for a total transaction of $12,433,045.95. Following the sale, the insider now directly owns 224,749 shares in the company, valued at approximately $29,363,456.85. The disclosure for this sale can be found here. Insiders have sold a total of 917,982 shares of company stock worth $120,898,322 in the last ninety days. Insiders own 0.70% of the company’s stock.

Shares of PG traded up $1.42 during trading hours on Tuesday, reaching $128.00. 297,223 shares of the company traded hands, compared to its average volume of 7,732,347. The company’s fifty day moving average price is $131.77 and its two-hundred day moving average price is $137.05. The company has a market capitalization of $315.20 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $94.34 and a 12 month high of $146.92.

The Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 19th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. The firm had revenue of $19.75 billion for the quarter, compared to analyst estimates of $19.23 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 EPS. On average, analysts expect that The Procter & Gamble Company will post 5.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Friday, January 22nd were paid a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, January 21st. The Procter & Gamble’s payout ratio is 61.72%.

Several research firms have recently weighed in on PG. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Procter & Gamble from $156.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, January 13th. Sanford C. Bernstein assumed coverage on shares of The Procter & Gamble in a research report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 target price on the stock. Stifel Nicolaus cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price on the stock. in a research report on Thursday, January 28th. Wells Fargo & Company assumed coverage on shares of The Procter & Gamble in a research report on Monday, December 7th. They issued an “overweight” rating and a $160.00 target price on the stock. Finally, Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research report on Friday, January 22nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $146.75.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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