20,078 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Genus Capital Management Inc.

Genus Capital Management Inc. acquired a new position in The Procter & Gamble Company (NYSE:PG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,078 shares of the company’s stock, valued at approximately $3,047,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PG. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Procter & Gamble by 99,734.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 253,081,478 shares of the company’s stock worth $38,402,583,000 after buying an additional 252,827,976 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after buying an additional 38,495,676 shares in the last quarter. Norges Bank purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $3,752,321,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Procter & Gamble by 42.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,386,838 shares of the company’s stock valued at $3,626,080,000 after purchasing an additional 7,235,990 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Hedge funds and other institutional investors own 63.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. HSBC assumed coverage on Procter & Gamble in a research note on Friday, September 22nd. They set a “buy” rating and a $179.00 price objective for the company. William Blair assumed coverage on Procter & Gamble in a research note on Friday, September 8th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Jefferies Financial Group assumed coverage on Procter & Gamble in a research note on Monday, November 13th. They set a “buy” rating and a $177.00 price objective for the company. StockNews.com raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Sanford C. Bernstein dropped their price target on Procter & Gamble from $162.00 to $153.00 and set a “market perform” rating for the company in a research note on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.41.

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Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 40,298 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $150.61, for a total transaction of $6,069,281.78. Following the sale, the chief financial officer now directly owns 36,460 shares of the company’s stock, valued at $5,491,240.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Procter & Gamble news, CFO Andre Schulten sold 40,298 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $150.61, for a total value of $6,069,281.78. Following the transaction, the chief financial officer now directly owns 36,460 shares of the company’s stock, valued at $5,491,240.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 1,413 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $144.97, for a total value of $204,842.61. Following the completion of the transaction, the chief executive officer now directly owns 26,306 shares in the company, valued at $3,813,580.82. The disclosure for this sale can be found here. Insiders have sold 72,807 shares of company stock valued at $10,979,625 over the last ninety days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

PG traded up $0.63 during trading on Thursday, reaching $151.76. The stock had a trading volume of 1,034,347 shares, compared to its average volume of 6,178,436. The Procter & Gamble Company has a one year low of $135.83 and a one year high of $158.38. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $148.86 and its two-hundred day moving average is $150.46. The company has a market capitalization of $357.68 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 3.15 and a beta of 0.47.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 18th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.12. Procter & Gamble had a return on equity of 33.49% and a net margin of 18.30%. The firm had revenue of $21.87 billion during the quarter, compared to the consensus estimate of $21.58 billion. During the same period last year, the company earned $1.57 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.42 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a dividend of $0.9407 per share. The ex-dividend date was Thursday, October 19th. This represents a $3.76 annualized dividend and a dividend yield of 2.48%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.04%.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.