Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Grows Stake in The Procter & Gamble Company (NYSE:PG)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 6.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,511,443 shares of the company’s stock after purchasing an additional 91,160 shares during the period. Procter & Gamble accounts for approximately 0.9% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s investment portfolio, making the stock its 14th largest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Procter & Gamble were worth $230,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. PrairieView Partners LLC grew its holdings in Procter & Gamble by 5.8% during the 1st quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after acquiring an additional 63 shares in the last quarter. Apeiron RIA LLC boosted its holdings in shares of Procter & Gamble by 2.2% in the 1st quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after buying an additional 64 shares during the period. Ambassador Advisors LLC boosted its holdings in shares of Procter & Gamble by 2.2% in the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after buying an additional 65 shares during the period. Tranquility Partners LLC boosted its holdings in shares of Procter & Gamble by 3.9% in the 1st quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock valued at $268,000 after buying an additional 66 shares during the period. Finally, Marotta Asset Management boosted its holdings in shares of Procter & Gamble by 2.8% in the 1st quarter. Marotta Asset Management now owns 2,479 shares of the company’s stock valued at $379,000 after buying an additional 68 shares during the period. 63.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Raymond James lifted their price target on shares of Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a report on Monday, June 20th. UBS Group cut their price objective on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $179.00 to $185.00 in a research report on Thursday, April 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.93.

Procter & Gamble Stock Up 0.0 %

PG stock opened at $144.72 on Friday. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35. The company has a market capitalization of $347.23 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 4.00 and a beta of 0.35. The firm’s 50-day moving average is $142.90 and its two-hundred day moving average is $151.06. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. On average, analysts forecast that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be paid a $0.913 dividend. The ex-dividend date is Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.52%. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now owns 5,026 shares of the company’s stock, valued at approximately $728,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the transaction, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,026 shares in the company, valued at $728,770. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

About Procter & Gamble

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

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

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