ClariVest Asset Management LLC increased its position in Procter & Gamble Co (NYSE:PG) by 50,314.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,058 shares of the company’s stock after purchasing an additional 7,044 shares during the quarter. ClariVest Asset Management LLC’s holdings in Procter & Gamble were worth $649,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 0.5% during the third quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after acquiring an additional 853,269 shares during the period. Vanguard Group Inc raised its stake in shares of Procter & Gamble by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after acquiring an additional 853,269 shares during the period. Bank of New York Mellon Corp raised 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 acquiring an additional 24,377,140 shares during the period. FMR LLC raised its stake in shares of Procter & Gamble by 6.7% in the 3rd quarter. FMR LLC now owns 19,135,225 shares of the company’s stock valued at $1,592,625,000 after acquiring an additional 1,196,630 shares during the period. Finally, Morgan Stanley raised 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 acquiring an additional 1,784,225 shares during the period. 62.25% of the stock is currently owned by institutional investors.
Procter & Gamble stock traded down $1.99 during midday trading on Wednesday, reaching $109.73. 7,170,200 shares of the stock traded hands, compared to its average volume of 8,219,664. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $107.75. Procter & Gamble Co has a 12 month low of $77.29 and a 12 month high of $112.63. The company has a market cap of $281.76 billion, a PE ratio of 26.00, a P/E/G ratio of 3.62 and a beta of 0.41.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The firm had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts predict that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
PG has been the topic of several research reports. Deutsche Bank lifted their price target on Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, June 17th. Credit Suisse Group set a $100.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. DZ Bank reiterated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, April 24th. Barclays upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $94.00 to $112.00 in a research report on Wednesday, April 24th. Finally, UBS Group upped their price objective on Procter & Gamble to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. Procter & Gamble presently has an average rating of “Hold” and a consensus price target of $101.58.
In related news, insider Carolyn M. Tastad sold 3,980 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $105.85, for a total value of $421,283.00. Following the transaction, the insider now owns 46,495 shares of the company’s stock, valued at $4,921,495.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Loic Tassel sold 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $106.00, for a total value of $530,000.00. Following the completion of the transaction, the insider now directly owns 23,753 shares in the company, valued at approximately $2,517,818. The disclosure for this sale can be found here. Over the last quarter, insiders sold 320,840 shares of company stock worth $33,904,086. Company insiders own 1.84% of the company’s stock.
About Procter & Gamble
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.
Read More: What is an Initial Public Offering (IPO)?
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.