Railway Pension Investments Ltd lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,629,155 shares of the company’s stock after selling 15,000 shares during the period. Procter & Gamble makes up 7.3% of Railway Pension Investments Ltd’s portfolio, making the stock its 2nd biggest position. Railway Pension Investments Ltd’s holdings in Procter & Gamble were worth $17,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Thoroughbred Financial Services LLC increased its position in shares of Procter & Gamble by 11,029.6% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,107,725 shares of the company’s stock worth $110,772,000 after purchasing an additional 1,097,772 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Procter & Gamble by 9.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 176,067 shares of the company’s stock worth $19,306,000 after purchasing an additional 14,979 shares during the last quarter. Cullinan Associates Inc. increased its position in shares of Procter & Gamble by 4.5% during the 2nd quarter. Cullinan Associates Inc. now owns 168,567 shares of the company’s stock worth $18,483,000 after purchasing an additional 7,218 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Procter & Gamble by 26.5% during the 2nd quarter. Sound Income Strategies LLC now owns 18,973 shares of the company’s stock worth $2,080,000 after purchasing an additional 3,972 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Procter & Gamble by 1.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 959,922 shares of the company’s stock worth $105,255,000 after purchasing an additional 9,957 shares during the last quarter. Hedge funds and other institutional investors own 62.20% of the company’s stock.

In other Procter & Gamble news, Chairman David S. Taylor sold 20,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $106.83, for a total value of $2,136,600.00. Following the completion of the transaction, the chairman now owns 246,837 shares of the company’s stock, valued at approximately $26,369,596.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Trian Fund Management, L.P. sold 71,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $104.62, for a total value of $7,480,330.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 284,679 shares of company stock valued at $30,118,886. Corporate insiders own 1.84% of the company’s stock.

PG stock opened at $114.73 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60. The firm has a market cap of $282.86 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.43 and a beta of 0.45. Procter & Gamble Co has a 1-year low of $78.49 and a 1-year high of $116.52. The business’s 50 day simple moving average is $112.25.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The business had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. As a group, research analysts predict that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be given a dividend of $0.7459 per share. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.60%. Procter & Gamble’s payout ratio is 70.62%.

Several research firms have weighed in on PG. DZ Bank reaffirmed a “buy” rating on shares of Deutz in a research report on Wednesday, April 24th. Barclays lowered their price target on Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 24th. UBS Group boosted their price target on W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, May 10th. Finally, Goldman Sachs Group raised to a “neutral” rating and lowered their price target for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Procter & Gamble presently has an average rating of “Hold” and an average price target of $102.32.

Procter & Gamble Company Profile

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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