Kentucky Retirement Systems Buys New Position in Procter & Gamble Co (PG)

Kentucky Retirement Systems purchased a new position in shares of Procter & Gamble Co (NYSE:PG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 194,182 shares of the company’s stock, valued at approximately $16,327,000. Procter & Gamble Co accounts for approximately 1.2% of Kentucky Retirement Systems’ portfolio, making the stock its 14th largest position.

Several other large investors have also added to or reduced their stakes in the stock. Sterling Global Strategies LLC increased its stake in Procter & Gamble Co by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 11,266 shares of the company’s stock worth $947,000 after buying an additional 47 shares during the last quarter. Loudon Investment Management LLC increased its position in shares of Procter & Gamble Co by 1.9% in the fourth quarter. Loudon Investment Management LLC now owns 2,515 shares of the company’s stock valued at $211,000 after buying an additional 48 shares in the last quarter. Hancock Holding Co. increased its position in shares of Procter & Gamble Co by 0.6% in the third quarter. Hancock Holding Co. now owns 10,242 shares of the company’s stock valued at $919,000 after buying an additional 66 shares in the last quarter. Arbor Investment Advisors LLC increased its position in shares of Procter & Gamble Co by 3.1% in the third quarter. Arbor Investment Advisors LLC now owns 2,786 shares of the company’s stock valued at $250,000 after buying an additional 85 shares in the last quarter. Finally, Leisure Capital Management increased its position in shares of Procter & Gamble Co by 0.4% in the third quarter. Leisure Capital Management now owns 20,610 shares of the company’s stock valued at $1,850,000 after buying an additional 87 shares in the last quarter. Institutional investors own 68.33% of the company’s stock.

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

Procter & Gamble Co (NYSE:PG) traded up 0.36% during midday trading on Friday, reaching $86.18. 2,070,514 shares of the company’s stock traded hands. Procter & Gamble Co has a 52-week low of $79.79 and a 52-week high of $92.00. The firm’s 50-day moving average is $88.23 and its 200 day moving average is $87.14. The firm has a market cap of $220.42 billion, a PE ratio of 15.84 and a beta of 0.64. Procter & Gamble Co also was the target of unusually large options trading activity on Wednesday. Traders acquired 10,086 put options on the company. This represents an increase of 1,022% compared to the typical volume of 899 put options.

Procter & Gamble Co (NYSE:PG) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.02. The business had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.70 billion. Procter & Gamble Co had a net margin of 23.44% and a return on equity of 18.58%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Equities research analysts expect that Procter & Gamble Co will post $3.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were given a $0.6896 dividend. This is a positive change from Procter & Gamble Co’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Wednesday, April 19th. Procter & Gamble Co’s dividend payout ratio is presently 48.73%.

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Several research analysts have recently issued reports on PG shares. Vetr upgraded shares of Procter & Gamble Co from a “hold” rating to a “buy” rating and set a $94.67 price target for the company in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Procter & Gamble Co from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd. Evercore ISI reissued an “underweight” rating on shares of Procter & Gamble Co in a research note on Monday, February 27th. JPMorgan Chase & Co. began coverage on shares of Procter & Gamble Co in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $98.00 price objective on the stock. Finally, Jefferies Group LLC set a $99.00 price objective on shares of Procter & Gamble Co and gave the stock a “buy” rating in a research note on Monday, January 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $92.34.

In related news, insider Patrice Louvet sold 62,350 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total transaction of $5,378,934.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marylynn Fergusonmchugh sold 61,208 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $91.56, for a total transaction of $5,604,204.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,259 shares of company stock valued at $17,159,139. Company insiders own 0.35% of the company’s stock.

About Procter & Gamble Co

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.

5 Day Chart for NYSE:PG

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