Intact Investment Management Inc. Has $16.20 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Intact Investment Management Inc. boosted its stake in The Procter & Gamble Company (NYSE:PG) by 36.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,200 shares of the company’s stock after buying an additional 26,300 shares during the quarter. Intact Investment Management Inc.’s holdings in Procter & Gamble were worth $16,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its stake in shares of Procter & Gamble by 1,214.1% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 257,531 shares of the company’s stock worth $37,739,000 after buying an additional 237,934 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in Procter & Gamble by 7.7% during the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after acquiring an additional 1,237 shares during the period. Victory Capital Management Inc. boosted its position in Procter & Gamble by 6.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,769,286 shares of the company’s stock worth $259,271,000 after purchasing an additional 107,124 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new position in Procter & Gamble in the 4th quarter valued at $56,000. Finally, Howe & Rusling Inc. increased its position in shares of Procter & Gamble by 6.8% during the 4th quarter. Howe & Rusling Inc. now owns 4,654 shares of the company’s stock valued at $682,000 after purchasing an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now directly owns 21,513 shares of the company’s stock, valued at $3,657,210. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock worth $63,829,141 over the last three months. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PG shares. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Citigroup increased their price objective on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Evercore ISI boosted their target price on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Procter & Gamble Stock Up 0.9 %

Shares of NYSE:PG opened at $171.54 on Friday. The company has a market cap of $404.86 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $171.89. The firm has a fifty day moving average price of $167.48 and a two-hundred day moving average price of $164.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

About Procter & Gamble

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.