AMF Tjanstepension AB Raises Position in The Procter & Gamble Company (NYSE:PG)

AMF Tjanstepension AB boosted its position in The Procter & Gamble Company (NYSE:PG) by 416.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,818,490 shares of the company’s stock after purchasing an additional 1,466,115 shares during the period. Procter & Gamble comprises approximately 2.3% of AMF Tjanstepension AB’s portfolio, making the stock its 11th biggest holding. AMF Tjanstepension AB owned 0.08% of Procter & Gamble worth $315,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division lifted its holdings in Procter & Gamble by 4.5% during the third quarter. Central Pacific Bank Trust Division now owns 6,567 shares of the company’s stock valued at $1,137,000 after purchasing an additional 284 shares during the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of Procter & Gamble by 2.2% during the third quarter. Trust Co. of Toledo NA OH now owns 86,418 shares of the company’s stock worth $14,968,000 after acquiring an additional 1,900 shares in the last quarter. Abacus Planning Group Inc. lifted its holdings in Procter & Gamble by 8.1% during the 3rd quarter. Abacus Planning Group Inc. now owns 5,437 shares of the company’s stock worth $942,000 after purchasing an additional 407 shares in the last quarter. Waller Financial Planning Group Inc. boosted its stake in Procter & Gamble by 143.1% in the 3rd quarter. Waller Financial Planning Group Inc. now owns 11,711 shares of the company’s stock worth $2,028,000 after purchasing an additional 6,894 shares during the period. Finally, M&R Capital Management Inc. grew its holdings in Procter & Gamble by 0.5% during the 3rd quarter. M&R Capital Management Inc. now owns 14,323 shares of the company’s stock valued at $2,481,000 after buying an additional 67 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $175.89.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares of the company’s stock, valued at $2,212,043.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,553 shares of company stock worth $63,829,141. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $171.92 on Thursday. The business has a 50 day moving average of $171.09 and a 200 day moving average of $166.40. The company has a market capitalization of $405.76 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $177.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.34%. Procter & Gamble’s payout ratio is currently 65.85%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.