Insight Inv LLC Increases Position in The Procter & Gamble Company (NYSE:PG)

Insight Inv LLC grew its position in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,331 shares of the company’s stock after purchasing an additional 70 shares during the period. Insight Inv LLC’s holdings in Procter & Gamble were worth $1,221,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dfpg Investments LLC grew its holdings in shares of Procter & Gamble by 1.7% during the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock valued at $3,680,000 after buying an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC boosted its holdings in Procter & Gamble by 6.3% in the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after purchasing an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in Procter & Gamble by 14.6% in the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after purchasing an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Procter & Gamble by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after purchasing an additional 131,339 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Procter & Gamble by 26.9% in the second quarter. Royal Bank of Canada now owns 10,823,380 shares of the company’s stock worth $1,642,339,000 after purchasing an additional 2,293,824 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,063 shares of company stock worth $43,187,745. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PG. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Raymond James increased their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Barclays increased their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $168.41.

Read Our Latest Report on PG

Procter & Gamble Stock Down 0.0 %

Shares of PG stock opened at $160.57 on Wednesday. The company has a market capitalization of $377.82 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The company’s fifty day moving average price is $159.25 and its 200-day moving average price is $152.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The firm had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were issued a $0.9407 dividend. The ex-dividend date was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.34%. Procter & Gamble’s dividend payout ratio is currently 62.98%.

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.

Further Reading

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGFree Report).

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

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