Caisse Des Depots ET Consignations Takes Position in The Procter & Gamble Company (NYSE:PG)

Caisse Des Depots ET Consignations acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,809 shares of the company’s stock, valued at approximately $9,356,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rockbridge Investment Management LCC increased its position in shares of Procter & Gamble by 19.2% during the fourth quarter. Rockbridge Investment Management LCC now owns 3,810 shares of the company’s stock worth $639,000 after acquiring an additional 613 shares during the period. LM Advisors LLC increased its holdings in Procter & Gamble by 236.8% during the 4th quarter. LM Advisors LLC now owns 7,424 shares of the company’s stock worth $1,245,000 after purchasing an additional 5,220 shares during the period. Homestead Advisers Corp purchased a new stake in shares of Procter & Gamble in the 4th quarter worth $40,454,000. Howe & Rusling Inc. grew its position in shares of Procter & Gamble by 8.3% during the 4th quarter. Howe & Rusling Inc. now owns 6,470 shares of the company’s stock worth $1,085,000 after buying an additional 497 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $1,615,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $181.47.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 over the last 90 days. 0.18% of the stock is owned by insiders.

Procter & Gamble Trading Up 2.2 %

Shares of NYSE:PG opened at $166.48 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The business’s 50 day moving average price is $168.31 and its 200-day moving average price is $169.47. The firm has a market capitalization of $390.38 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.84 earnings per share. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.