Procter & Gamble Co (PG) Shares Obtained by Penserra Capital Management LLC

Procter & Gamble Co (PG) Shares Obtained by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in Procter & Gamble Co (NYSE:PG) by 392.4% in the 3rd quarter, Holdings Channel reports. The firm owned 27,870 shares of the company’s stock after purchasing an additional 22,210 shares during the quarter. Penserra Capital Management LLC’s holdings in Procter & Gamble were worth $2,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in Procter & Gamble by 2.2% during the second quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock valued at $12,969,690,000 after acquiring an additional 3,551,051 shares in the last quarter. Yacktman Asset Management LP raised its position in Procter & Gamble by 0.7% during the second quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock valued at $1,209,015,000 after acquiring an additional 105,318 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Procter & Gamble by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 14,414,335 shares of the company’s stock valued at $1,125,183,000 after acquiring an additional 474,529 shares in the last quarter. Fisher Asset Management LLC raised its position in Procter & Gamble by 1.9% during the third quarter. Fisher Asset Management LLC now owns 10,035,519 shares of the company’s stock valued at $835,256,000 after acquiring an additional 191,374 shares in the last quarter. Finally, Swiss National Bank raised its position in Procter & Gamble by 2.2% during the second quarter. Swiss National Bank now owns 9,427,788 shares of the company’s stock valued at $735,933,000 after acquiring an additional 202,800 shares in the last quarter. Hedge funds and other institutional investors own 61.36% of the company’s stock.

Shares of PG opened at $98.27 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $98.39. The company has a market capitalization of $246.33 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 3.14 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The company had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. During the same period last year, the company earned $1.19 earnings per share. Procter & Gamble’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Procter & Gamble Co will post 4.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 18th will be paid a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, January 17th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

Several brokerages recently weighed in on PG. Wells Fargo & Co lifted their price target on Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. Barclays reiterated a “hold” rating and set a $94.00 price target on shares of Procter & Gamble in a research report on Friday, January 25th. UBS Group set a $82.00 price target on Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, October 17th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Monday, January 21st. Finally, Evercore ISI initiated coverage on Procter & Gamble in a report on Thursday, January 10th. They issued an “outperform” rating and a $105.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $95.00.

In other news, insider Carolyn M. Tastad sold 19,791 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $92.71, for a total value of $1,834,823.61. Following the sale, the insider now directly owns 60,575 shares of the company’s stock, valued at $5,615,908.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 1,075 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $92.96, for a total value of $99,932.00. The disclosure for this sale can be found here. Insiders sold 155,496 shares of company stock worth $14,785,858 over the last ninety days. Corporate insiders own 1.84% 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.

Further Reading: Why is the ROA ratio important?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

Related posts

Leave a Comment