The Procter & Gamble Company (NYSE:PG) Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,637 shares of the company’s stock after selling 13,800 shares during the period. Factory Mutual Insurance Co.’s holdings in Procter & Gamble were worth $66,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Advantage Trust Co acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $28,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $29,000. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PG shares. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Barclays raised their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Jefferies Financial Group raised their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, BNP Paribas initiated coverage on shares of Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $187.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Price Performance

Procter & Gamble stock traded down $1.69 during trading hours on Tuesday, hitting $166.76. 2,925,253 shares of the company traded hands, compared to its average volume of 6,555,505. The firm’s 50-day simple moving average is $164.85 and its two-hundred day simple moving average is $158.32. The firm has a market cap of $393.58 billion, a P/E ratio of 27.38, a P/E/G ratio of 3.42 and a beta of 0.42. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

About Procter & Gamble

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.