Teachers Retirement System of The State of Kentucky lowered its position in shares of Procter & Gamble Co (NYSE:PG) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 355,765 shares of the company’s stock after selling 28,900 shares during the period. Procter & Gamble makes up about 0.5% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 27th biggest position. Teachers Retirement System of The State of Kentucky’s holdings in Procter & Gamble were worth $42,539,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in PG. Morgan Stanley boosted its position in Procter & Gamble by 54.8% during the first quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock valued at $2,297,142,000 after purchasing an additional 7,392,929 shares in the last quarter. GQG Partners LLC bought a new stake in Procter & Gamble during the second quarter valued at about $588,945,000. Janus Henderson Group PLC boosted its position in Procter & Gamble by 72.2% during the first quarter. Janus Henderson Group PLC now owns 10,768,053 shares of the company’s stock valued at $1,184,519,000 after purchasing an additional 4,515,204 shares in the last quarter. Franklin Resources Inc. boosted its position in Procter & Gamble by 66.4% during the first quarter. Franklin Resources Inc. now owns 10,508,172 shares of the company’s stock valued at $1,155,899,000 after purchasing an additional 4,191,966 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Procter & Gamble by 10.2% during the first quarter. Wellington Management Group LLP now owns 28,092,901 shares of the company’s stock valued at $3,090,220,000 after purchasing an additional 2,609,549 shares in the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.
PG stock remained flat at $$138.63 during trading on Tuesday. The company had a trading volume of 4,045,818 shares, compared to its average volume of 8,709,535. The stock’s 50-day moving average is $135.14 and its 200-day moving average is $121.49. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $345.14 billion, a P/E ratio of 27.99, a PEG ratio of 3.45 and a beta of 0.43. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $141.70.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, July 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.
PG has been the subject of several recent analyst reports. Barclays reissued a “buy” rating on shares of Procter & Gamble in a report on Sunday, August 2nd. SunTrust Banks raised their price target on Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Morgan Stanley reissued a “buy” rating and issued a $144.00 price target on shares of Procter & Gamble in a report on Tuesday, August 18th. Jefferies Financial Group raised their price target on Procter & Gamble from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Deutsche Bank raised their price target on Procter & Gamble from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $133.67.
In other news, CFO Jon R. Moeller sold 81,755 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $136.18, for a total value of $11,133,395.90. Also, VP Valarie L. Sheppard sold 4,688 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total value of $648,256.64. Following the completion of the sale, the vice president now directly owns 26,704 shares in the company, valued at $3,692,629.12. The disclosure for this sale can be found here. Insiders sold 272,757 shares of company stock valued at $36,738,374 over the last 90 days. Company insiders own 0.70% of the company’s stock.
Procter & Gamble Company 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.
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