Foster Group Inc. Trims Position in The Procter & Gamble Company (NYSE:PG)

Foster Group Inc. lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,267 shares of the company’s stock after selling 158 shares during the period. The Procter & Gamble accounts for about 0.2% of Foster Group Inc.’s investment portfolio, making the stock its 22nd biggest holding. Foster Group Inc.’s holdings in The Procter & Gamble were worth $1,526,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Insight Folios Inc grew its holdings in The Procter & Gamble by 3.9% during the first quarter. Insight Folios Inc now owns 29,746 shares of the company’s stock valued at $4,028,000 after purchasing an additional 1,117 shares during the period. Beacon Financial Advisory LLC grew its holdings in The Procter & Gamble by 11.6% during the first quarter. Beacon Financial Advisory LLC now owns 14,853 shares of the company’s stock valued at $2,012,000 after purchasing an additional 1,542 shares during the period. Busey Wealth Management grew its holdings in The Procter & Gamble by 4.0% during the first quarter. Busey Wealth Management now owns 145,048 shares of the company’s stock valued at $19,644,000 after purchasing an additional 5,547 shares during the period. Horst & Graben Wealth Management LLC grew its holdings in The Procter & Gamble by 11.8% during the first quarter. Horst & Graben Wealth Management LLC now owns 2,906 shares of the company’s stock valued at $394,000 after purchasing an additional 307 shares during the period. Finally, SevenBridge Financial Group LLC boosted its stake in shares of The Procter & Gamble by 1.1% in the first quarter. SevenBridge Financial Group LLC now owns 27,478 shares of the company’s stock worth $3,721,000 after acquiring an additional 310 shares during the period. 63.05% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PG opened at $136.85 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87. The business’s 50 day moving average price is $132.11 and its 200-day moving average price is $135.31. The Procter & Gamble Company has a fifty-two week low of $111.25 and a fifty-two week high of $146.92. The company has a market cap of $336.99 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 3.25 and a beta of 0.38.

The Procter & Gamble (NYSE:PG) last announced its earnings results on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. The business had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Friday, April 23rd will be given a dividend of $0.8698 per share. This represents a $3.48 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, April 22nd. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s dividend payout ratio (DPR) is 61.72%.

A number of equities analysts have recently weighed in on the company. Citigroup lowered The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday. Stifel Nicolaus lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price objective for the company. in a research note on Thursday, January 28th. Zacks Investment Research lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective for the company. in a research note on Thursday, January 21st. Finally, JPMorgan Chase & Co. dropped their price objective on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $148.93.

In other news, Director Nelson Peltz sold 408,880 shares of the firm’s stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $128.71, for a total value of $52,626,944.80. Following the completion of the sale, the director now owns 5,357 shares of the company’s stock, valued at approximately $689,499.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven D. Bishop sold 3,173 shares of the firm’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $399,068.21. The disclosure for this sale can be found here. Insiders have sold a total of 534,675 shares of company stock worth $68,687,622 in the last ninety days. Insiders own 0.70% of the company’s stock.

About The Procter & Gamble

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

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

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