Railway Pension Investments Ltd Has $155.14 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Railway Pension Investments Ltd trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 956,163 shares of the company’s stock after selling 12,600 shares during the period. Procter & Gamble accounts for about 1.5% of Railway Pension Investments Ltd’s portfolio, making the stock its 13th biggest holding. Railway Pension Investments Ltd’s holdings in Procter & Gamble were worth $155,137,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PG. Alera Investment Advisors LLC boosted its holdings in shares of Procter & Gamble by 1.2% during the first quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock worth $812,000 after purchasing an additional 60 shares during the period. Demars Financial Group LLC raised its stake in Procter & Gamble by 4.4% in the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after buying an additional 63 shares in the last quarter. LCM Capital Management Inc raised its stake in Procter & Gamble by 1.1% in the first quarter. LCM Capital Management Inc now owns 5,701 shares of the company’s stock worth $925,000 after buying an additional 63 shares in the last quarter. Emerald Advisors LLC raised its stake in Procter & Gamble by 1.8% in the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after buying an additional 65 shares in the last quarter. Finally, O Brien Wealth Partners LLC raised its stake in Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after buying an additional 65 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research reports. Barclays decreased their price target on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday. TD Cowen assumed coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $173.95.

Procter & Gamble Stock Performance

PG traded up $4.39 during mid-day trading on Friday, reaching $170.08. 11,899,038 shares of the company traded hands, compared to its average volume of 6,952,473. The stock has a market capitalization of $401.41 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.60 and a beta of 0.41. The company has a quick ratio of 0.48, a current ratio of 0.73 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average price is $166.28 and its 200-day moving average price is $162.04. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $170.92.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.33%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.96 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Sundar G. Raman sold 31,924 shares of the company’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 completion of the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Insiders sold a total of 94,320 shares of company stock valued at $15,646,323 in the last 90 days. Company insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.