Industrial Alliance Investment Management Inc. Has $556,000 Position in The Procter & Gamble Company (NYSE:PG)

Industrial Alliance Investment Management Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,427 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Procter & Gamble were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in Procter & Gamble in the 4th quarter valued at $3,956,117,000. Charles Schwab Investment Management Inc. lifted its position in shares of Procter & Gamble by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after acquiring an additional 206,165 shares during the period. Fisher Asset Management LLC lifted its position in shares of Procter & Gamble by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after acquiring an additional 559,358 shares during the period. Franklin Resources Inc. lifted its position in shares of Procter & Gamble by 2.6% during the 4th quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock valued at $1,402,636,000 after acquiring an additional 246,323 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Procter & Gamble by 17.1% during the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock valued at $1,390,963,000 after acquiring an additional 1,387,539 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 4.9 %

Shares of PG stock traded down $8.27 on Tuesday, reaching $161.66. 15,745,427 shares of the company were exchanged, compared to its average volume of 6,558,331. The company has a market cap of $381.54 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 3.18 and a beta of 0.41. The company has a 50-day moving average of $166.46 and a 200-day moving average of $161.81. 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 one year low of $141.45 and a one year high of $170.92.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PG. BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $170.00 to $181.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Evercore ISI upped their price objective on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Citigroup upped their price objective on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Argus upped their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.29.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $164.90, for a total value of $5,253,549.10. Following the completion of the sale, the chief operating officer now owns 9,739 shares in the company, valued at approximately $1,605,961.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 94,320 shares of company stock worth $15,646,323 in the last quarter. Insiders own 0.17% of the company’s stock.

Procter & Gamble 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.