Boston Common Asset Management LLC Has $3.06 Million Position in Procter & Gamble Co (PG)

Boston Common Asset Management LLC grew its holdings in Procter & Gamble Co (NYSE:PG) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,318 shares of the company’s stock after purchasing an additional 8,210 shares during the quarter. Boston Common Asset Management LLC’s holdings in Procter & Gamble were worth $3,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PG. Bank of New York Mellon Corp boosted its stake in shares of Procter & Gamble by 5,578,292.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock valued at $2,028,947,000 after purchasing an additional 24,377,140 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Procter & Gamble by 23.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 10,793,640 shares of the company’s stock valued at $898,355,000 after purchasing an additional 2,078,176 shares during the last quarter. C WorldWide Group Holding A S boosted its stake in shares of Procter & Gamble by 125.1% in the 3rd quarter. C WorldWide Group Holding A S now owns 3,266,283 shares of the company’s stock valued at $271,853,000 after purchasing an additional 1,815,368 shares during the last quarter. Morgan Stanley boosted its stake in shares of Procter & Gamble by 11.3% in the 3rd quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock valued at $1,463,528,000 after purchasing an additional 1,784,225 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Procter & Gamble by 46.2% during the 3rd quarter. Prudential Financial Inc. now owns 5,268,486 shares of the company’s stock worth $438,496,000 after acquiring an additional 1,665,790 shares during the last quarter. 61.49% of the stock is currently owned by institutional investors.

PG stock traded up $0.35 during mid-day trading on Wednesday, hitting $106.72. 4,629,755 shares of the company were exchanged, compared to its average volume of 8,463,806. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79. The company has a market capitalization of $270.88 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.46 and a beta of 0.39. Procter & Gamble Co has a 1-year low of $72.80 and a 1-year high of $108.68.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. Analysts forecast that Procter & Gamble Co will post 4.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a dividend of $0.7459 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is 70.62%.

In other news, insider R. Alexandra Keith sold 3,027 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $98.57, for a total value of $298,371.39. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marylynn Fergusonmchugh sold 67,407 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $100.17, for a total transaction of $6,752,159.19. Following the completion of the sale, the insider now owns 23,936 shares in the company, valued at $2,397,669.12. The disclosure for this sale can be found here. Insiders have sold a total of 350,089 shares of company stock worth $36,539,133 over the last 90 days. Corporate insiders own 1.84% of the company’s stock.

PG has been the topic of several recent analyst reports. Goldman Sachs Group reissued a “neutral” rating and set a $95.00 price objective on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Wells Fargo & Co reissued a “hold” rating and set a $91.00 price objective on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Berenberg Bank raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $86.00 to $92.00 in a research note on Thursday, January 24th. SunTrust Banks lifted their price objective on shares of Procter & Gamble to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. They noted that the move was a valuation call. Finally, Barclays reissued a “hold” rating and set a $94.00 price objective on shares of Procter & Gamble in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $101.42.

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Procter & Gamble 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: Roth IRA

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

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