Argent Wealth Management LLC increased its position in shares of Procter & Gamble Co (NYSE:PG) by 7.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,785 shares of the company’s stock after buying an additional 2,262 shares during the quarter. Argent Wealth Management LLC’s holdings in Procter & Gamble were worth $3,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Norges Bank bought a new position in shares of Procter & Gamble during the fourth quarter worth approximately $3,338,757,000. Janus Henderson Group PLC increased its stake in shares of Procter & Gamble by 117.4% during the fourth quarter. Janus Henderson Group PLC now owns 6,252,849 shares of the company’s stock worth $780,951,000 after purchasing an additional 3,376,626 shares during the period. Swiss National Bank increased its stake in shares of Procter & Gamble by 21.7% during the first quarter. Swiss National Bank now owns 10,724,148 shares of the company’s stock worth $1,179,656,000 after purchasing an additional 1,912,000 shares during the period. Man Group plc increased its stake in shares of Procter & Gamble by 81.8% during the fourth quarter. Man Group plc now owns 2,735,582 shares of the company’s stock worth $341,674,000 after purchasing an additional 1,231,124 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Procter & Gamble by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock worth $5,161,642,000 after purchasing an additional 1,216,202 shares during the period. 63.32% of the stock is owned by hedge funds and other institutional investors.

In other Procter & Gamble news, VP Valarie L. Sheppard sold 25,600 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $119.50, for a total transaction of $3,059,200.00. Following the completion of the sale, the vice president now directly owns 50,598 shares of the company’s stock, valued at approximately $6,046,461. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nelson Peltz sold 404,714 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $113.01, for a total value of $45,736,729.14. Following the sale, the director now directly owns 3,891 shares of the company’s stock, valued at $439,721.91. The disclosure for this sale can be found here. Insiders have sold a total of 8,802,488 shares of company stock worth $1,048,532,939 over the last ninety days. Company insiders own 1.75% of the company’s stock.

Shares of PG traded down $0.89 during midday trading on Friday, hitting $115.17. The company’s stock had a trading volume of 2,191,951 shares, compared to its average volume of 7,644,627. Procter & Gamble Co has a one year low of $94.34 and a one year high of $128.09. The company’s fifty day simple moving average is $116.31 and its two-hundred day simple moving average is $119.93. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $288.46 billion, a price-to-earnings ratio of 65.09, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The company had revenue of $17.21 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter last year, the business posted $1.06 EPS. Procter & Gamble’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts predict that Procter & Gamble Co will post 4.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a dividend of $0.7907 per share. The ex-dividend date was Thursday, April 23rd. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.75. This represents a $3.16 annualized dividend and a yield of 2.75%. Procter & Gamble’s payout ratio is presently 69.91%.

A number of research firms have commented on PG. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b” rating in a research note on Tuesday, April 14th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $130.00 to $128.00 in a research note on Monday, March 30th. Stifel Nicolaus raised their price objective on Procter & Gamble from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Royal Bank of Canada restated a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research note on Tuesday, April 14th. Finally, Deutsche Bank raised their price objective on Procter & Gamble from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Buy” and a consensus price target of $130.31.

About Procter & Gamble

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.

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

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