Robeco Institutional Asset Management B.V. Trims Position in Procter & Gamble Co (NYSE:PG)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,300,798 shares of the company’s stock after selling 57,685 shares during the quarter. Procter & Gamble makes up 1.3% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 4th largest position. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Procter & Gamble worth $361,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. SeaBridge Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $36,000. Smart Portfolios LLC lifted its stake in shares of Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares during the period. Intercontinental Wealth Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $62,000. Stevens First Principles Investment Advisors lifted its stake in shares of Procter & Gamble by 239.8% in the 4th quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock valued at $63,000 after purchasing an additional 482 shares during the period. Finally, Advocacy Wealth Management Services LLC lifted its stake in shares of Procter & Gamble by 301.3% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 62.17% of the company’s stock.

PG has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “neutral” rating and issued a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and raised their target price for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. DZ Bank restated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, April 24th. Deutsche Bank raised their target price on Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, June 17th. Finally, Morgan Stanley raised their target price on Procter & Gamble from $120.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.15.

In related news, insider Steven D. Bishop sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.38, for a total transaction of $3,161,400.00. Following the completion of the transaction, the insider now owns 75,031 shares of the company’s stock, valued at approximately $7,906,766.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total value of $2,043,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 247,335 shares of company stock valued at $26,476,375. 1.84% of the stock is owned by corporate insiders.

PG stock traded down $0.29 on Friday, reaching $116.44. 12,265,590 shares of the company traded hands, compared to its average volume of 7,368,813. Procter & Gamble Co has a one year low of $78.49 and a one year high of $121.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 0.75. The company has a market cap of $296.08 billion, a P/E ratio of 25.76, a P/E/G ratio of 3.54 and a beta of 0.45. The firm’s fifty day simple moving average is $113.31.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 22.92% and a net margin of 5.76%. The company had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

Procter & Gamble Profile

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