Morgan Stanley Has $1.46 Billion Stake in Procter & Gamble Co (PG)

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Morgan Stanley lifted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,584,133 shares of the company’s stock after buying an additional 1,784,225 shares during the period. Morgan Stanley owned about 0.70% of Procter & Gamble worth $1,463,528,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PG. RPg Family Wealth Advisory LLC grew its holdings in shares of Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after acquiring an additional 913 shares during the period. Ayalon Holdings Ltd. acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $108,000. First Mercantile Trust Co. acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $111,000. Willingdon Wealth Management grew its holdings in shares of Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after acquiring an additional 1,634 shares during the period. Finally, Polaris Greystone Financial Group LLC grew its holdings in shares of Procter & Gamble by 224.9% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock worth $143,000 after acquiring an additional 1,192 shares during the period. 60.74% of the stock is owned by institutional investors and hedge funds.

In other news, insider Gary A. Coombe sold 9,000 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $93.90, for a total transaction of $845,100.00. Following the sale, the insider now owns 18,517 shares in the company, valued at $1,738,746.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marylynn Fergusonmchugh sold 67,407 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $100.17, for a total value of $6,752,159.19. Following the sale, the insider now owns 23,936 shares in the company, valued at approximately $2,397,669.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,270,496 shares of company stock worth $224,931,027. 1.84% of the stock is owned by insiders.

Shares of NYSE:PG opened at $102.44 on Friday. The firm has a market cap of $258.25 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 3.26 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78. Procter & Gamble Co has a one year low of $70.73 and a one year high of $102.89.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The firm had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. Procter & Gamble’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. As a group, equities research analysts forecast that Procter & Gamble Co will post 4.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, January 18th were issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

A number of equities research analysts recently weighed in on the company. Credit Suisse Group assumed coverage on Procter & Gamble in a report on Wednesday, March 6th. They issued a “neutral” rating and a $100.00 price target on the stock. Macquarie set a $110.00 price target on Procter & Gamble and gave the stock a “buy” rating in a report on Tuesday, February 26th. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a report on Wednesday, January 30th. Barclays restated a “hold” rating and issued a $94.00 price target on shares of Procter & Gamble in a report on Friday, January 25th. Finally, SunTrust Banks upped their price target on Procter & Gamble to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $96.21.

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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.

Further Reading: Beta

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

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