Procter & Gamble Company (The) (PG) Holdings Trimmed by Heritage Investors Management Corp

Heritage Investors Management Corp cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,527 shares of the company’s stock after selling 827 shares during the period. Heritage Investors Management Corp’s holdings in Procter & Gamble were worth $13,240,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors raised its stake in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after purchasing an additional 5,278,359 shares during the period. Janus Henderson Group PLC raised its stake in shares of Procter & Gamble by 1,244.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after purchasing an additional 4,165,862 shares during the period. Vanguard Group Inc. raised its stake in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. BlackRock Inc. raised its stake in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after purchasing an additional 2,164,426 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Procter & Gamble by 30.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock worth $553,334,000 after purchasing an additional 1,487,095 shares during the period. Institutional investors and hedge funds own 59.56% of the company’s stock.

Procter & Gamble Company (PG) opened at $91.24 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $231,470.00, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. Procter & Gamble Company has a twelve month low of $83.24 and a twelve month high of $94.67.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. equities research analysts expect that Procter & Gamble Company will post 4.18 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on PG shares. Jefferies Group restated a “buy” rating and issued a $104.00 price objective (up from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Bank of America boosted their price objective on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Royal Bank of Canada restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a research note on Monday, October 23rd. Finally, Deutsche Bank started coverage on Procter & Gamble in a research note on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and an average price target of $88.57.

In other Procter & Gamble news, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $89.80, for a total transaction of $438,044.40. Following the completion of the transaction, the insider now owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock valued at $1,927,095 in the last ninety days. Insiders own 0.35% of the company’s stock.

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Procter & Gamble Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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