The Procter & Gamble Company (NYSE:PG) Shares Purchased by MV Capital Management Inc.

MV Capital Management Inc. increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 14.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 17,344 shares of the company’s stock after acquiring an additional 2,129 shares during the period. MV Capital Management Inc.’s holdings in The Procter & Gamble were worth $2,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Norges Bank purchased a new stake in The Procter & Gamble during the 4th quarter worth about $3,679,005,000. Flossbach Von Storch AG increased its holdings in The Procter & Gamble by 61.8% during the 1st quarter. Flossbach Von Storch AG now owns 7,053,337 shares of the company’s stock worth $955,233,000 after purchasing an additional 2,694,674 shares during the period. Parnassus Investments CA increased its holdings in The Procter & Gamble by 84.1% during the 1st quarter. Parnassus Investments CA now owns 5,859,148 shares of the company’s stock worth $793,505,000 after purchasing an additional 2,676,176 shares during the period. Morgan Stanley increased its holdings in The Procter & Gamble by 6.5% during the 4th quarter. Morgan Stanley now owns 32,345,298 shares of the company’s stock worth $4,500,525,000 after purchasing an additional 1,964,987 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in The Procter & Gamble by 48.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,678,290 shares of the company’s stock worth $790,079,000 after purchasing an additional 1,855,879 shares during the period. 62.97% of the stock is currently owned by hedge funds and other institutional investors.

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

In other news, CEO R. Alexandra Keith sold 12,668 shares of the firm’s stock in a transaction that occurred on Wednesday, April 21st. The stock was sold at an average price of $137.99, for a total value of $1,748,057.32. Following the completion of the sale, the chief executive officer now directly owns 29,017 shares of the company’s stock, valued at approximately $4,004,055.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah P. Majoras sold 12,872 shares of the firm’s stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total value of $1,743,769.84. Insiders sold a total of 2,219,280 shares of company stock valued at $299,094,832 over the last three months. Insiders own 0.70% of the company’s stock.

The Procter & Gamble stock traded down $1.21 during mid-day trading on Friday, reaching $134.58. 97,614 shares of the company were exchanged, compared to its average volume of 8,559,963. The Procter & Gamble Company has a twelve month low of $113.76 and a twelve month high of $146.92. The stock has a 50-day moving average price of $135.69. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $329.48 billion, a price-to-earnings ratio of 25.01, a PEG 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, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $18 billion. The Procter & Gamble had a return on equity of 31.71% and a net margin of 18.97%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.17 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 5.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 17th. Stockholders of record on Friday, April 23rd were issued a $0.8698 dividend. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, April 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is currently 67.97%.

The Procter & Gamble 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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