Forsta AP Fonden boosted its position in The Procter & Gamble Company (NYSE:PG) by 7.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 392,500 shares of the company’s stock after acquiring an additional 26,200 shares during the period. The Procter & Gamble comprises approximately 1.8% of Forsta AP Fonden’s holdings, making the stock its 6th biggest holding. Forsta AP Fonden’s holdings in The Procter & Gamble were worth $54,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bremer Bank National Association raised its stake in shares of The Procter & Gamble by 17.0% in the 3rd quarter. Bremer Bank National Association now owns 16,671 shares of the company’s stock valued at $2,317,000 after purchasing an additional 2,426 shares in the last quarter. Truadvice LLC bought a new position in The Procter & Gamble in the 3rd quarter worth about $679,000. Rothschild Investment Corp IL boosted its holdings in shares of The Procter & Gamble by 3.3% in the third quarter. Rothschild Investment Corp IL now owns 28,033 shares of the company’s stock valued at $3,896,000 after acquiring an additional 899 shares in the last quarter. LexAurum Advisors LLC boosted its holdings in shares of The Procter & Gamble by 5.6% in the third quarter. LexAurum Advisors LLC now owns 4,562 shares of the company’s stock valued at $634,000 after acquiring an additional 240 shares in the last quarter. Finally, D. B. Root & Company LLC acquired a new stake in The Procter & Gamble during the third quarter valued at approximately $202,000. 62.81% of the stock is owned by institutional investors.

NYSE:PG traded up $0.93 during midday trading on Friday, reaching $142.38. The stock had a trading volume of 4,278,287 shares, compared to its average volume of 5,656,648. The Procter & Gamble Company has a 1-year low of $94.34 and a 1-year high of $145.87. The firm’s fifty day simple moving average is $139.55 and its 200-day simple moving average is $126.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The stock has a market capitalization of $354.47 billion, a P/E ratio of 27.22, a PEG ratio of 3.53 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The firm had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the prior year, the firm earned $1.37 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that The Procter & Gamble Company will post 5.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

PG has been the subject of several research analyst reports. Royal Bank of Canada restated a “neutral” rating and issued a $128.00 price target on shares of The Procter & Gamble in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Procter & Gamble from $150.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group increased their target price on shares of The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Smith Barney Citigroup increased their price target on shares of The Procter & Gamble from $159.00 to $165.00 in a research note on Wednesday. Finally, Barclays restated a “buy” rating on shares of The Procter & Gamble in a research note on Sunday, August 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The Procter & Gamble presently has an average rating of “Buy” and a consensus target price of $144.50.

In related news, VP Valarie L. Sheppard sold 14,800 shares of The Procter & Gamble stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the completion of the transaction, the vice president now directly owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 99,243 shares of The Procter & Gamble stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $143.80, for a total transaction of $14,271,143.40. Following the transaction, the chief executive officer now directly owns 72,960 shares of the company’s stock, valued at $10,491,648. The disclosure for this sale can be found here. Insiders have sold a total of 372,000 shares of company stock valued at $51,009,517 over the last ninety days. 0.70% of the stock is owned by insiders.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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