Korea Investment CORP reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,939,898 shares of the company’s stock after selling 289,478 shares during the period. Procter & Gamble Company (The) makes up 0.8% of Korea Investment CORP’s investment portfolio, making the stock its 19th largest holding. Korea Investment CORP owned about 0.08% of Procter & Gamble Company (The) worth $169,062,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Karp Capital Management Corp acquired a new stake in shares of Procter & Gamble Company (The) in the 1st quarter worth $126,275,000. Bank of Nova Scotia lifted its stake in shares of Procter & Gamble Company (The) by 232.6% in the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock worth $110,256,000 after acquiring an additional 858,200 shares during the period. Hermes Investment Management Ltd. lifted its stake in shares of Procter & Gamble Company (The) by 2,810.3% in the 1st quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock worth $66,344,000 after acquiring an additional 713,018 shares during the period. British Airways Pensions Investment Management Ltd acquired a new stake in shares of Procter & Gamble Company (The) in the 1st quarter worth $52,682,000. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Procter & Gamble Company (The) by 8,419.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 494,576 shares of the company’s stock worth $5,675,000 after acquiring an additional 488,771 shares during the period. 59.74% of the stock is currently owned by institutional investors.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the sale, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $558,038.52. Following the sale, the insider now directly owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The disclosure for this sale can be found here. Insiders sold a total of 38,136 shares of company stock valued at $3,525,029 over the last three months. 0.35% of the stock is owned by corporate insiders.

Several analysts have recently commented on PG shares. Jefferies Group LLC restated a “buy” rating and issued a $104.00 target price (up previously from $103.00) on shares of Procter & Gamble Company (The) in a research note on Wednesday, September 20th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a research note on Wednesday, September 6th. Finally, Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 target price for the company in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Procter & Gamble Company (The) currently has an average rating of “Hold” and an average price target of $88.83.

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Procter & Gamble Company (NYSE:PG) opened at 86.34 on Wednesday. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.67. The firm’s 50-day moving average is $91.29 and its 200-day moving average is $89.71. The firm has a market cap of $220.17 billion, a PE ratio of 15.44 and a beta of 0.67.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly 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. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same period in the prior year, the company earned $1.03 EPS. Procter & Gamble Company (The)’s revenue was up .8% on a year-over-year basis. Equities analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is 48.51%.

Procter & Gamble Company (The) Company 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 Company (The) (NYSE:PG)

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