Mitsubishi UFJ Trust & Banking Corp Decreases Position in Procter & Gamble Co (NYSE:PG)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Procter & Gamble Co (NYSE:PG) by 12.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,610,964 shares of the company’s stock after selling 374,521 shares during the period. Procter & Gamble comprises 0.8% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 20th largest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in Procter & Gamble were worth $312,193,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PG. Capital Planning Advisors LLC increased its position in Procter & Gamble by 2.7% during the second quarter. Capital Planning Advisors LLC now owns 2,973 shares of the company’s stock worth $355,000 after purchasing an additional 77 shares during the last quarter. Cadinha & Co. LLC increased its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. Cadinha & Co. LLC now owns 5,606 shares of the company’s stock worth $670,000 after buying an additional 80 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in shares of Procter & Gamble by 0.5% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 16,728 shares of the company’s stock worth $2,000,000 after buying an additional 80 shares during the period. Mosaic Family Wealth LLC boosted its holdings in Procter & Gamble by 1.2% in the second quarter. Mosaic Family Wealth LLC now owns 6,804 shares of the company’s stock valued at $814,000 after acquiring an additional 81 shares during the last quarter. Finally, Oxford Financial Group Ltd. grew its position in Procter & Gamble by 0.6% during the second quarter. Oxford Financial Group Ltd. now owns 14,686 shares of the company’s stock valued at $1,756,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 62.81% of the company’s stock.

Procter & Gamble stock traded down $0.93 during midday trading on Wednesday, hitting $137.70. 6,049,931 shares of the stock were exchanged, compared to its average volume of 8,694,681. Procter & Gamble Co has a 1 year low of $94.34 and a 1 year high of $141.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The firm has a market cap of $342.82 billion, a P/E ratio of 27.99, a P/E/G ratio of 3.45 and a beta of 0.43. The company has a 50 day moving average price of $135.39 and a two-hundred day moving average price of $121.55.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The company had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $16.97 billion. During the same period last year, the firm earned $1.10 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that Procter & Gamble Co will post 5.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a dividend of $0.7907 per share. The ex-dividend date was Thursday, July 23rd. This represents a $3.16 annualized dividend and a yield of 2.30%. Procter & Gamble’s dividend payout ratio is presently 61.72%.

PG has been the topic of a number of research reports. Deutsche Bank raised their price objective on Procter & Gamble from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Barclays reiterated a “buy” rating on shares of Procter & Gamble in a research note on Sunday, August 2nd. SunTrust Banks raised their target price on shares of Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Finally, Morgan Stanley restated a “buy” rating and set a $144.00 target price on shares of Procter & Gamble in a report on Tuesday, August 18th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Procter & Gamble currently has an average rating of “Buy” and a consensus target price of $133.67.

In other Procter & Gamble news, insider Mary Theresa Grabowski sold 21,431 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $130.00, for a total transaction of $2,786,030.00. Following the completion of the transaction, the insider now directly owns 55,013 shares of the company’s stock, valued at approximately $7,151,690. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Valarie L. Sheppard sold 2,922 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 272,757 shares of company stock worth $36,738,374. 0.70% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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

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