The Procter & Gamble Company (NYSE:PG) Position Decreased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 486,430 shares of the company’s stock after selling 234 shares during the period. Procter & Gamble comprises approximately 0.6% of Texas Permanent School Fund Corp’s portfolio, making the stock its 18th biggest holding. Texas Permanent School Fund Corp’s holdings in Procter & Gamble were worth $78,923,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Advantage Trust Co purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $28,000. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $29,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $1.28 during midday trading on Thursday, hitting $165.52. The company had a trading volume of 5,831,456 shares, compared to its average volume of 6,522,896. The business’s 50 day simple moving average is $166.04 and its two-hundred day simple moving average is $159.90. The stock has a market cap of $390.65 billion, a PE ratio of 27.06, a P/E/G ratio of 3.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. As a group, equities analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PG shares. Citigroup increased their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. BNP Paribas began coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Finally, Jefferies Financial Group raised their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.74.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.