The Procter & Gamble Company (NYSE:PG) Stake Raised by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp increased its stake in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 481,945 shares of the company’s stock after acquiring an additional 5,035 shares during the period. Procter & Gamble accounts for about 1.4% of MUFG Americas Holdings Corp’s holdings, making the stock its 12th largest position. MUFG Americas Holdings Corp’s holdings in Procter & Gamble were worth $73,641,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Centaurus Financial Inc. grew its stake in shares of Procter & Gamble by 7.6% during the fourth quarter. Centaurus Financial Inc. now owns 9,346 shares of the company’s stock worth $1,529,000 after purchasing an additional 663 shares during the period. Traynor Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 18.6% in the fourth quarter. Traynor Capital Management Inc. now owns 3,373 shares of the company’s stock valued at $551,000 after purchasing an additional 528 shares in the last quarter. Spreng Capital Management Inc. bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $325,000. Marcum Wealth LLC lifted its holdings in shares of Procter & Gamble by 9.0% in the fourth quarter. Marcum Wealth LLC now owns 12,758 shares of the company’s stock valued at $2,087,000 after purchasing an additional 1,053 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 0.4% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 129,613 shares of the company’s stock valued at $21,202,000 after purchasing an additional 485 shares in the last quarter. Institutional investors and hedge funds own 63.64% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $141.95 on Wednesday. The firm has a fifty day moving average price of $143.02 and a 200-day moving average price of $151.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45. The stock has a market cap of $340.58 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 4.31 and a beta of 0.36. The Procter & Gamble Company has a 1 year low of $129.50 and a 1 year high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last released its earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. Procter & Gamble’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be given a $0.913 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, July 21st. Procter & Gamble’s payout ratio is currently 62.82%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PG. UBS Group cut their price target on Procter & Gamble to $153.00 in a report on Friday, July 22nd. Barclays dropped their target price on Procter & Gamble from $157.00 to $154.00 and set a “maintains” rating on the stock in a report on Tuesday. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday. Credit Suisse Group upped their target price on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.93.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the completion of the transaction, the chief executive officer now directly owns 4,002 shares in the company, valued at $580,770.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.51% of the stock is owned by insiders.

Procter & Gamble Company Profile

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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 Procter & Gamble (NYSE:PG)

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