Procter & Gamble Co (NYSE:PG) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its position in Procter & Gamble Co (NYSE:PG) by 21.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,741 shares of the company’s stock after buying an additional 477 shares during the period. Foundations Investment Advisors LLC’s holdings in Procter & Gamble were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. State Street Corp raised its holdings in shares of Procter & Gamble by 0.9% during the first quarter. State Street Corp now owns 118,284,669 shares of the company’s stock valued at $13,011,314,000 after acquiring an additional 1,086,517 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Procter & Gamble by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock valued at $5,161,642,000 after acquiring an additional 1,216,202 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Procter & Gamble by 10.2% in the first quarter. Wellington Management Group LLP now owns 28,092,901 shares of the company’s stock valued at $3,090,220,000 after acquiring an additional 2,609,549 shares in the last quarter. Norges Bank purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $3,338,757,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Procter & Gamble by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 25,032,488 shares of the company’s stock valued at $2,753,574,000 after acquiring an additional 600,867 shares in the last quarter. 63.44% of the stock is owned by institutional investors.

In other news, insider Deborah P. Majoras sold 12,589 shares of Procter & Gamble stock in a transaction on Monday, April 20th. The stock was sold at an average price of $122.68, for a total value of $1,544,418.52. Following the completion of the sale, the insider now directly owns 44,948 shares of the company’s stock, valued at $5,514,220.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jon R. Moeller sold 130,626 shares of Procter & Gamble stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $116.37, for a total value of $15,200,947.62. The disclosure for this sale can be found here. Insiders sold 8,963,114 shares of company stock worth $1,067,197,986 in the last 90 days. Company insiders own 1.75% of the company’s stock.

Several equities analysts have recently weighed in on PG shares. Argus upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, March 26th. Deutsche Bank raised their target price on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Royal Bank of Canada reiterated a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research report on Tuesday, April 14th. Bank of America reiterated a “buy” rating and set a $135.00 price objective on shares of Procter & Gamble in a research report on Saturday, April 18th. Finally, Citigroup lifted their price objective on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $130.31.

NYSE:PG opened at $122.89 on Thursday. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $128.09. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $302.57 billion, a P/E ratio of 69.43, a P/E/G ratio of 3.25 and a beta of 0.42. The stock’s fifty day moving average is $117.02 and its two-hundred day moving average is $119.03.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 17th. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The company had revenue of $17.21 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts anticipate that Procter & Gamble Co will post 4.96 earnings per share for the current fiscal year.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

See Also: What are the benefits of a balanced fund?

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

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.