Nomura Asset Management Co. Ltd. reduced its stake in Procter & Gamble Co (NYSE:PG) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 599,828 shares of the company’s stock after selling 6,583 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Procter & Gamble were worth $65,772,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. D Orazio & Associates Inc. grew its holdings in shares of Procter & Gamble by 3.2% during the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock worth $346,000 after purchasing an additional 98 shares during the period. NEXT Financial Group Inc boosted its holdings in Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after acquiring an additional 12,038 shares during the period. Homrich & Berg boosted its holdings in Procter & Gamble by 1.1% during the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after acquiring an additional 1,291 shares during the period. Bellecapital International Ltd. boosted its holdings in Procter & Gamble by 19.0% during the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after acquiring an additional 1,025 shares during the period. Finally, Accurate Investment Solutions Inc. boosted its holdings in Procter & Gamble by 0.9% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 44,502 shares of the company’s stock valued at $4,880,000 after acquiring an additional 385 shares during the period. Institutional investors own 65.83% of the company’s stock.

A number of equities analysts recently commented on PG shares. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price target for the company from $114.00 to $125.00 in a research report on Thursday, June 27th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, SunTrust Banks increased their price target on Procter & Gamble to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $108.15.

Shares of NYSE PG traded down $0.76 during midday trading on Friday, hitting $122.01. 4,257,603 shares of the company’s stock were exchanged, compared to its average volume of 6,182,078. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. Procter & Gamble Co has a twelve month low of $78.49 and a twelve month high of $123.43. The company has a market cap of $304.85 billion, a PE ratio of 26.99, a P/E/G ratio of 3.48 and a beta of 0.42. The firm’s fifty day simple moving average is $118.41 and its 200-day simple moving average is $109.40.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The business had revenue of $17.09 billion for the quarter, compared to analyst estimates of $16.86 billion. During the same quarter last year, the company earned $0.94 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts anticipate that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

In related news, VP Valarie L. Sheppard sold 1,259 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total transaction of $151,533.24. Following the transaction, the vice president now owns 26,094 shares in the company, valued at approximately $3,140,673.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Theresa Grabowski sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.10, for a total value of $619,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 448,674 shares of company stock worth $53,197,461 in the last three months. Corporate insiders own 1.75% of the company’s stock.

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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