The Procter & Gamble Company (NYSE:PG) is Panagora Asset Management Inc.’s 7th Largest Position

Panagora Asset Management Inc. raised its position in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,722,659 shares of the company’s stock after buying an additional 32,982 shares during the period. The Procter & Gamble accounts for 1.3% of Panagora Asset Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Panagora Asset Management Inc.’s holdings in The Procter & Gamble were worth $233,300,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. increased its stake in The Procter & Gamble by 0.6% in the 1st quarter. BlackRock Inc. now owns 163,107,910 shares of the company’s stock valued at $22,089,704,000 after buying an additional 973,901 shares during the last quarter. Morgan Stanley grew its position in shares of The Procter & Gamble by 6.5% during the 4th quarter. Morgan Stanley now owns 32,345,298 shares of the company’s stock valued at $4,500,525,000 after acquiring an additional 1,964,987 shares during the period. Norges Bank bought a new position in shares of The Procter & Gamble during the 4th quarter valued at approximately $3,679,005,000. Nuveen Asset Management LLC grew its position in shares of The Procter & Gamble by 8.2% during the 4th quarter. Nuveen Asset Management LLC now owns 16,571,944 shares of the company’s stock valued at $2,305,820,000 after acquiring an additional 1,260,453 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of The Procter & Gamble by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 12,990,893 shares of the company’s stock valued at $1,807,482,000 after acquiring an additional 85,934 shares during the period. Hedge funds and other institutional investors own 62.97% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, April 19th. Citigroup downgraded shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “neutral” rating and issued a $150.00 price objective (down from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. JPMorgan Chase & Co. cut their price objective on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, April 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, April 21st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $148.93.

In related news, Director Nelson Peltz sold 1,000,000 shares of The Procter & Gamble stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $134.65, for a total value of $134,650,000.00. Following the transaction, the director now owns 5,390 shares in the company, valued at approximately $725,763.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 3,000 shares of The Procter & Gamble stock in a transaction on Thursday, May 6th. The stock was sold at an average price of $135.00, for a total transaction of $405,000.00. Following the completion of the transaction, the chief executive officer now owns 308,563 shares in the company, valued at approximately $41,656,005. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,219,280 shares of company stock worth $299,094,832. Corporate insiders own 0.70% of the company’s stock.

NYSE:PG traded up $1.31 during trading hours on Thursday, hitting $136.10. The stock had a trading volume of 355,894 shares, compared to its average volume of 8,578,720. The business’s 50 day moving average price is $135.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.52. The Procter & Gamble Company has a one year low of $113.76 and a one year high of $146.92. The stock has a market cap of $333.20 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 3.50 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The firm had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. The Procter & Gamble had a net margin of 18.97% and a return on equity of 31.71%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. Research analysts predict that The Procter & Gamble Company will post 5.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Stockholders of record on Friday, April 23rd were given a dividend of $0.8698 per share. The ex-dividend date was Thursday, April 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.56%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s dividend payout ratio (DPR) is 67.97%.

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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