The Procter & Gamble Company (NYSE:PG) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,939 shares of the company’s stock after purchasing an additional 735 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Procter & Gamble were worth $37,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Advantage Trust Co acquired a new position in Procter & Gamble in the 4th quarter valued at about $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $29,000. Ruedi Wealth Management Inc. grew its position in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after acquiring an additional 77 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 125,462 shares of company stock worth $21,238,114 over the last three months. 0.17% of the stock is owned by insiders.

Procter & Gamble Trading Up 0.9 %

NYSE PG traded up $1.51 during trading hours on Wednesday, hitting $168.80. 4,953,783 shares of the company’s stock were exchanged, compared to its average volume of 7,864,465. The business’s 50 day moving average is $166.99 and its 200-day moving average is $163.10. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $171.72. The firm has a market capitalization of $398.39 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 3.70 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. As a group, analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PG. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays decreased their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Evercore ISI boosted their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus boosted their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $173.95.

Procter & Gamble Profile

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.