USS Investment Management Ltd Has $7.47 Million Holdings in Procter & Gamble Co (PG)
USS Investment Management Ltd lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,127 shares of the company’s stock after purchasing an additional 12,200 shares during the period. USS Investment Management Ltd’s holdings in Procter & Gamble were worth $7,472,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Procter & Gamble by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the period. BlackRock Inc. boosted its holdings in Procter & Gamble by 1.4% in the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after buying an additional 2,164,426 shares during the period. Trian Fund Management L.P. boosted its holdings in Procter & Gamble by 2.4% in the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after buying an additional 893,157 shares during the period. Legal & General Group Plc boosted its holdings in Procter & Gamble by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock worth $1,269,884,000 after buying an additional 277,715 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Procter & Gamble by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after buying an additional 934,179 shares during the period. Institutional investors own 61.05% of the company’s stock.
Several research analysts recently commented on the stock. Berenberg Bank assumed coverage on shares of Procter & Gamble in a report on Wednesday, February 28th. They issued a “sell” rating and a $78.50 price objective for the company. Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a report on Thursday, February 1st. Morgan Stanley raised their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus raised their price target on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Procter & Gamble has an average rating of “Buy” and a consensus target price of $87.37.
Shares of Procter & Gamble Co (PG) opened at $78.67 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a market cap of $198,330.00, a price-to-earnings ratio of 20.02, a PEG ratio of 2.49 and a beta of 0.58. Procter & Gamble Co has a 52-week low of $77.90 and a 52-week high of $94.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. sell-side analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 70.23%.
About Procter & Gamble
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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