BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $153.36 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 885,429 shares of the company’s stock after buying an additional 55,825 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Procter & Gamble were worth $153,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble during the 2nd quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the second quarter worth $29,000. POM Investment Strategies LLC bought a new position in Procter & Gamble during the 2nd quarter valued at $34,000. Quest Partners LLC purchased a new position in Procter & Gamble during the 2nd quarter worth $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Procter & Gamble in the 2nd quarter worth $44,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PG. DA Davidson reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Procter & Gamble in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research report on Monday, September 30th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Stock Performance

NYSE PG opened at $170.92 on Thursday. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The company has a fifty day moving average of $170.01 and a 200-day moving average of $168.51. The company has a market capitalization of $402.52 billion, a P/E ratio of 29.47, a P/E/G ratio of 3.69 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.36%. Procter & Gamble’s payout ratio is 69.48%.

Insider Activity at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 14,034 shares of Procter & Gamble stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $169.78, for a total value of $2,382,692.52. Following the transaction, the chief operating officer now directly owns 9,856 shares of the company’s stock, valued at $1,673,351.68. The trade was a 58.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the sale, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,727 shares of company stock valued at $29,694,037. Insiders own 0.18% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.