The Procter & Gamble Company (NYSE:PG) Position Increased by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,427 shares of the company’s stock after purchasing an additional 100 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Procter & Gamble were worth $556,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in shares of Procter & Gamble by 4.2% during the fourth quarter. Global Retirement Partners LLC now owns 36,218 shares of the company’s stock worth $5,425,000 after acquiring an additional 1,463 shares during the last quarter. Caprock Group LLC grew its position in shares of Procter & Gamble by 74.5% during the fourth quarter. Caprock Group LLC now owns 39,522 shares of the company’s stock worth $5,792,000 after acquiring an additional 16,872 shares during the last quarter. MBL Wealth LLC grew its position in shares of Procter & Gamble by 5.9% during the fourth quarter. MBL Wealth LLC now owns 7,349 shares of the company’s stock worth $1,077,000 after acquiring an additional 412 shares during the last quarter. Winch Advisory Services LLC grew its position in Procter & Gamble by 5.8% in the 4th quarter. Winch Advisory Services LLC now owns 6,161 shares of the company’s stock valued at $903,000 after buying an additional 335 shares in the last quarter. Finally, Precedent Wealth Partners LLC bought a new position in Procter & Gamble in the 4th quarter valued at about $1,066,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the transaction, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total value of $5,253,549.10. Following the transaction, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 94,320 shares of company stock worth $15,646,323 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 4.9 %

Shares of PG traded down $8.27 during trading hours on Tuesday, reaching $161.66. The company’s stock had a trading volume of 15,745,427 shares, compared to its average volume of 6,558,331. The firm has a market cap of $381.54 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 3.18 and a beta of 0.41. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $170.92. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $166.46 and a two-hundred day moving average of $161.81.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a $1.0065 dividend. The ex-dividend date is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio is 65.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PG shares. BNP Paribas started coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price for the company. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Argus increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Evercore ISI increased their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.29.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.