The Procter & Gamble Company (NYSE:PG) Shares Purchased by Morningstar Investment Services LLC

Morningstar Investment Services LLC grew its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 309,360 shares of the company’s stock after buying an additional 3,957 shares during the quarter. Morningstar Investment Services LLC’s holdings in Procter & Gamble were worth $47,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 4.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 36,681 shares of the company’s stock valued at $5,559,000 after buying an additional 1,711 shares during the period. Deuterium Capital Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $675,000. CX Institutional increased its stake in shares of Procter & Gamble by 4.1% in the 4th quarter. CX Institutional now owns 33,743 shares of the company’s stock valued at $5,114,000 after purchasing an additional 1,320 shares in the last quarter. Oak Harbor Wealth Partners LLC increased its stake in shares of Procter & Gamble by 11.1% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock valued at $4,682,000 after purchasing an additional 3,089 shares in the last quarter. Finally, Blue Chip Partners LLC increased its stake in shares of Procter & Gamble by 1.9% in the 4th quarter. Blue Chip Partners LLC now owns 21,503 shares of the company’s stock valued at $3,259,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Barclays boosted their price objective on Procter & Gamble from $160.00 to $167.00 in a research note on Wednesday, April 26th. Jefferies Financial Group boosted their price objective on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Raymond James boosted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Sunday, April 23rd. Finally, Royal Bank of Canada boosted their price objective on Procter & Gamble from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Monday, April 24th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.50.

Procter & Gamble Trading Down 0.2 %

PG traded down $0.23 during trading hours on Friday, reaching $145.16. The company’s stock had a trading volume of 1,938,649 shares, compared to its average volume of 6,379,925. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $158.11. The stock has a market cap of $342.14 billion, a PE ratio of 25.31, a P/E/G ratio of 4.07 and a beta of 0.41. The business’s 50-day moving average is $151.37 and its 200-day moving average is $147.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39.

Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Friday, April 21st. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The firm had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts predict that The Procter & Gamble Company will post 5.86 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.59%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Thursday, April 20th. Procter & Gamble’s dividend payout ratio is 65.51%.

Insiders Place Their Bets

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the transaction, the chief operating officer now directly owns 10,014 shares in the company, valued at $1,562,484.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the sale, the chief executive officer now owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the sale, the chief operating officer now directly owns 10,014 shares in the company, valued at approximately $1,562,484.42. The disclosure for this sale can be found here. Insiders have sold 99,424 shares of company stock worth $15,416,750 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.