Swiss National Bank Buys 93,600 Shares of Procter & Gamble Co (PG)

Swiss National Bank lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,346,488 shares of the company’s stock after purchasing an additional 93,600 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Swiss National Bank’s portfolio, making the stock its 10th biggest position. Swiss National Bank owned about 407,830.16% of Procter & Gamble worth $941,323,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. grew its holdings in Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares during the period. Harding Loevner LP acquired a new position in Procter & Gamble during the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble during the third quarter worth $125,000. Blume Capital Management Inc. grew its holdings in Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares during the period. Finally, Legacy Advisors LLC acquired a new position in Procter & Gamble during the third quarter worth $174,000. Institutional investors and hedge funds own 59.57% of the company’s stock.

In related news, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the transaction, the insider now directly owns 20,135 shares in the company, valued at $1,794,229.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares in the company, valued at $5,100,293.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,719 shares of company stock worth $1,661,544. Corporate insiders own 0.35% of the company’s stock.

A number of brokerages recently weighed in on PG. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and set a $104.00 price objective on shares of Procter & Gamble in a report on Tuesday, October 10th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Wells Fargo & Co reaffirmed a “hold” rating and set a $88.00 price objective on shares of Procter & Gamble in a report on Sunday, December 17th. Finally, Deutsche Bank began coverage on Procter & Gamble in a report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $88.51.

Shares of Procter & Gamble Co (NYSE:PG) opened at $91.07 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The company has a market capitalization of $231,040.00, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.91 and a beta of 0.67. Procter & Gamble Co has a 52 week low of $85.42 and a 52 week high of $94.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. research analysts expect that Procter & Gamble Co will post 4.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 73.80%.

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About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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