Crossmark Global Holdings Inc. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,550 shares of the company's stock after selling 4,245 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Procter & Gamble were worth $23,824,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of Procter & Gamble by 0.6% in the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after purchasing an additional 122,190 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Procter & Gamble by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company's stock valued at $1,598,510,000 after buying an additional 733,440 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Procter & Gamble by 9.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company's stock valued at $999,705,000 after acquiring an additional 545,601 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Procter & Gamble by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock worth $974,914,000 after acquiring an additional 79,665 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Procter & Gamble by 3.9% during the second quarter. Canada Pension Plan Investment Board now owns 5,706,199 shares of the company's stock valued at $941,066,000 after purchasing an additional 216,300 shares in the last quarter. 65.77% of the stock is owned by institutional investors.
NYSE:PG traded up $4.30 during mid-day trading on Friday, reaching $167.71. The stock had a trading volume of 7,506,566 shares, compared to its average volume of 6,666,331. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a 50 day moving average price of $171.08 and a two-hundred day moving average price of $168.15. The stock has a market capitalization of $394.96 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.48 and a beta of 0.42.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to analysts' expectations of $21.99 billion. During the same quarter last year, the company earned $1.83 EPS. The firm's revenue was down .6% compared to the same quarter last year. As a group, analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble's payout ratio is 69.31%.
Several research firms have commented on PG. Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Stifel Nicolaus upped their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a "hold" rating in a research note on Monday, July 22nd. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. StockNews.com lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Finally, DA Davidson lifted their price objective on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.00.
Read Our Latest Stock Analysis on Procter & Gamble
In related news, CEO Jon R. Moeller sold 31,797 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at $50,897,483.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Susan Street Whaley sold 634 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares of the company's stock, valued at approximately $3,319,882.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 31,797 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the sale, the chief executive officer now directly owns 300,777 shares of the company's stock, valued at approximately $50,897,483.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 313,597 shares of company stock valued at $53,268,499 in the last ninety days. Company insiders own 0.18% of the company's stock.
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.
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