Amundi Buys 325,613 Shares of The Procter & Gamble Company (NYSE:PG)

Amundi boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.8% in the fourth quarter, HoldingsChannel reports. The fund owned 8,894,300 shares of the company’s stock after acquiring an additional 325,613 shares during the period. Amundi’s holdings in Procter & Gamble were worth $1,441,766,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PG. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Procter & Gamble by 5.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 55,592 shares of the company’s stock valued at $9,320,000 after purchasing an additional 3,008 shares during the last quarter. Naviter Wealth LLC grew its position in Procter & Gamble by 2.0% during the fourth quarter. Naviter Wealth LLC now owns 19,628 shares of the company’s stock valued at $3,291,000 after buying an additional 393 shares during the period. Marble Harbor Investment Counsel LLC grew its position in Procter & Gamble by 3.9% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 163,227 shares of the company’s stock valued at $27,365,000 after buying an additional 6,088 shares during the period. Rialto Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $214,000. Finally, Hamilton Capital Partners LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth approximately $247,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $176.06 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a market cap of $412.84 billion, a PE ratio of 28.04, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business has a 50-day simple moving average of $166.85 and a 200-day simple moving average of $169.77.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Barclays upped their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.11.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble 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.