Caisse DE Depot ET Placement DU Quebec Purchases 748,993 Shares of The Procter & Gamble Company (NYSE:PG)

Caisse DE Depot ET Placement DU Quebec lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 67.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,854,581 shares of the company’s stock after purchasing an additional 748,993 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Procter & Gamble worth $321,213,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Infusive Asset Management Inc. increased its position in shares of Procter & Gamble by 30.2% during the third quarter. Infusive Asset Management Inc. now owns 69,120 shares of the company’s stock valued at $11,972,000 after acquiring an additional 16,040 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in Procter & Gamble by 5.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 28,613 shares of the company’s stock valued at $4,956,000 after purchasing an additional 1,380 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Procter & Gamble by 5.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 757,654 shares of the company’s stock valued at $131,217,000 after purchasing an additional 42,537 shares during the last quarter. CWS Financial Advisors LLC raised its stake in shares of Procter & Gamble by 1.1% during the 3rd quarter. CWS Financial Advisors LLC now owns 14,439 shares of the company’s stock worth $2,501,000 after purchasing an additional 162 shares during the period. Finally, Providence Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble by 1.5% in the 3rd quarter. Providence Wealth Advisors LLC now owns 9,571 shares of the company’s stock worth $1,619,000 after buying an additional 146 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research report on Monday, September 30th. Morgan Stanley upped their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

Insider Activity

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 19,341 shares in the company, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,233 shares of company stock worth $6,024,234. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 0.0 %

Shares of PG stock opened at $179.37 on Friday. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43. The business’s fifty day moving average is $170.48 and its 200 day moving average is $169.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The company has a market capitalization of $422.42 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 3.86 and a beta of 0.42.

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, beating analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.83 EPS. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s payout ratio is 69.31%.

Procter & Gamble Company Profile

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.