The Procter & Gamble Company (NYSE:PG) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,004 shares of the company’s stock after purchasing an additional 5,308 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Procter & Gamble were worth $3,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Procter & Gamble by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after purchasing an additional 2,197,165 shares in the last quarter. BlackRock Inc. raised its stake in Procter & Gamble by 1.1% during the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after acquiring an additional 1,811,085 shares in the last quarter. State Street Corp raised its stake in Procter & Gamble by 0.8% during the 3rd quarter. State Street Corp now owns 104,749,256 shares of the company’s stock worth $13,224,594,000 after acquiring an additional 797,652 shares in the last quarter. Legal & General Group Plc raised its stake in Procter & Gamble by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock worth $2,665,327,000 after acquiring an additional 637,095 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Procter & Gamble by 22.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock worth $2,382,268,000 after acquiring an additional 3,054,844 shares in the last quarter. 62.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the sale, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the sale, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andre Schulten sold 1,311 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the sale, the chief financial officer now directly owns 35,142 shares in the company, valued at approximately $4,826,402.28. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock valued at $656,511 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a research note on Friday, January 20th. Citigroup started coverage on shares of Procter & Gamble in a research note on Thursday, February 16th. They set a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Raymond James lifted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. Finally, StockNews.com started coverage on shares of Procter & Gamble in a research note on Thursday. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.67.

Procter & Gamble Stock Up 0.0 %

Shares of NYSE:PG opened at $142.93 on Friday. The company has a market cap of $337.19 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.99 and a beta of 0.40. The firm’s 50-day simple moving average is $141.73 and its 200-day simple moving average is $140.64. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $164.90.

Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.01. The business had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were issued a $0.9133 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s payout ratio is 64.04%.

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.