Sompo Japan Nipponkoa Asset Management CO. LTD. Increases Stock Holdings in Procter & Gamble Co (NYSE:PG)

Sompo Japan Nipponkoa Asset Management CO. LTD. raised its stake in Procter & Gamble Co (NYSE:PG) by 36.0% during the 1st quarter, HoldingsChannel reports. The firm owned 35,046 shares of the company’s stock after acquiring an additional 9,270 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Procter & Gamble were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of PG. Orser Capital Management LLC boosted its stake in shares of Procter & Gamble by 16.6% in the fourth quarter. Orser Capital Management LLC now owns 2,301 shares of the company’s stock valued at $286,000 after buying an additional 328 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Procter & Gamble by 6.0% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 952,251 shares of the company’s stock valued at $118,936,000 after buying an additional 54,013 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $236,000. S.E.E.D. Planning Group LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $234,000. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Procter & Gamble by 34.9% in the fourth quarter. Harbour Capital Advisors LLC now owns 12,290 shares of the company’s stock valued at $1,535,000 after buying an additional 3,181 shares in the last quarter. Hedge funds and other institutional investors own 62.39% of the company’s stock.

In related news, insider Deborah P. Majoras sold 12,589 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $122.68, for a total value of $1,544,418.52. Following the completion of the transaction, the insider now directly owns 44,948 shares in the company, valued at $5,514,220.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nelson Peltz sold 404,714 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $113.01, for a total value of $45,736,729.14. Following the completion of the transaction, the director now owns 3,891 shares of the company’s stock, valued at $439,721.91. The disclosure for this sale can be found here. Insiders sold 8,802,488 shares of company stock valued at $1,048,532,939 over the last quarter. Insiders own 1.75% of the company’s stock.

Shares of NYSE PG traded up $0.98 during trading on Friday, reaching $112.60. The company had a trading volume of 5,484,270 shares, compared to its average volume of 8,533,092. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $128.09. The stock has a market capitalization of $276.33 billion, a PE ratio of 63.62, a price-to-earnings-growth ratio of 3.14 and a beta of 0.44. The stock has a 50-day moving average price of $116.52 and a two-hundred day moving average price of $120.19. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. The company had revenue of $17.21 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, sell-side analysts predict that Procter & Gamble Co will post 4.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $0.7907 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.75. This represents a $3.16 annualized dividend and a yield of 2.81%. The ex-dividend date was Thursday, April 23rd. Procter & Gamble’s dividend payout ratio is presently 69.91%.

A number of analysts recently weighed in on PG shares. Deutsche Bank lifted their price target on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Argus raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, March 26th. Stifel Nicolaus lifted their price objective on Procter & Gamble from $117.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a report on Tuesday, April 14th. Finally, Citigroup lifted their price objective on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $130.31.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Read More: Equity Income

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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