Sienna Gestion Reduces Stake in The Procter & Gamble Company (NYSE:PG)

Sienna Gestion decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 4.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,450 shares of the company’s stock after selling 5,029 shares during the period. Procter & Gamble comprises approximately 1.6% of Sienna Gestion’s investment portfolio, making the stock its 7th biggest holding. Sienna Gestion’s holdings in Procter & Gamble were worth $18,207,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PG. Wulff Hansen & CO. grew its position in shares of Procter & Gamble by 16,292.0% in the 2nd quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after buying an additional 3,653,477 shares during the last quarter. TD Asset Management Inc grew its holdings in Procter & Gamble by 114.9% in the first quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after purchasing an additional 1,907,716 shares during the last quarter. Swedbank AB acquired a new position in shares of Procter & Gamble during the first quarter worth $233,788,000. Ilex Capital Partners UK LLP purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at $228,212,000. Finally, Capital Research Global Investors boosted its position in shares of Procter & Gamble by 24.4% in the 1st quarter. Capital Research Global Investors now owns 5,560,887 shares of the company’s stock worth $902,254,000 after purchasing an additional 1,089,102 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Evercore ISI increased their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the stock from $182.00 to $175.00 in a research report on Wednesday, July 24th. TD Cowen began coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Finally, Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $175.79.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $173.91 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market capitalization of $410.45 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 3.76 and a beta of 0.41. The firm’s 50 day simple moving average is $169.94 and its 200-day simple moving average is $165.55. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same quarter last year, the business earned $1.37 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.31%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock worth $63,829,141 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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.