The Procter & Gamble Company (NYSE:PG) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 31,183 shares of the company’s stock after acquiring an additional 1,950 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Procter & Gamble were worth $5,060,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Advantage Trust Co purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $31,000. Ruedi Wealth Management Inc. grew its stake 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 during the period. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 1.1 %

Shares of Procter & Gamble stock traded up $1.77 during trading hours on Tuesday, reaching $166.35. 1,251,959 shares of the company’s stock were exchanged, compared to its average volume of 6,464,541. The firm has a market capitalization of $392.61 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.41. The company has a fifty day moving average of $166.12 and a 200-day moving average of $160.42. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the prior year, the company posted $1.37 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PG shares. Jefferies Financial Group lifted their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Citigroup raised their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Barclays upped their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.74.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the sale, the insider now directly owns 12,929 shares in the company, valued at approximately $2,168,451.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, 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 have sold a total of 154,544 shares of company stock valued at $25,413,051 in the last quarter. Insiders own 0.17% of the company’s stock.

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.