State of Alaska Department of Revenue Sells 5,722 Shares of Procter & Gamble Co (NYSE:PG)

State of Alaska Department of Revenue lessened its holdings in Procter & Gamble Co (NYSE:PG) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 568,194 shares of the company’s stock after selling 5,722 shares during the period. Procter & Gamble makes up 1.0% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 5th largest position. State of Alaska Department of Revenue’s holdings in Procter & Gamble were worth $62,300,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in shares of Procter & Gamble by 26.4% in the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after acquiring an additional 7,389,251 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Procter & Gamble by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 25,152,723 shares of the company’s stock valued at $2,312,039,000 after acquiring an additional 775,146 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Procter & Gamble by 7.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,255,888 shares of the company’s stock valued at $1,034,640,000 after acquiring an additional 788,247 shares during the last quarter. Fisher Asset Management LLC lifted its position in Procter & Gamble by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 10,334,800 shares of the company’s stock valued at $949,975,000 after acquiring an additional 299,281 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Procter & Gamble by 24.3% in the fourth quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock valued at $797,192,000 after acquiring an additional 1,698,051 shares during the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Procter & Gamble stock traded up $0.49 on Tuesday, reaching $113.57. 130,376 shares of the stock were exchanged, compared to its average volume of 8,112,809. Procter & Gamble Co has a 1-year low of $78.49 and a 1-year high of $121.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.75 and a quick ratio of 0.58. The stock’s fifty day simple moving average is $113.58. The firm has a market capitalization of $292.07 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 3.37 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 22.92%. The company had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, July 18th. This represents a $2.98 annualized dividend and a yield of 2.63%. Procter & Gamble’s payout ratio is currently 65.93%.

PG has been the subject of a number of research reports. Deutsche Bank boosted their price target on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, June 17th. Royal Bank of Canada reissued a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a research report on Tuesday, July 30th. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Barclays raised shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $94.00 to $112.00 in a research report on Wednesday, April 24th. Finally, TheStreet cut shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eleven have issued 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 price target of $108.15.

In other Procter & Gamble news, Director Trian Fund Management, L.P. sold 71,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $104.62, for a total value of $7,480,330.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David S. Taylor sold 20,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $105.80, for a total transaction of $2,116,000.00. The disclosure for this sale can be found here. Insiders have sold 217,335 shares of company stock worth $23,314,975 over the last 90 days. 1.84% of the stock is currently owned by company insiders.

Procter & Gamble Company 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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