Envestnet Portfolio Solutions Inc. Acquires 44,830 Shares of The Procter & Gamble Company (NYSE:PG)

Envestnet Portfolio Solutions Inc. lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 24.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 227,204 shares of the company’s stock after buying an additional 44,830 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Procter & Gamble were worth $36,864,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new stake in Procter & Gamble during the 4th quarter worth about $3,956,117,000. Charles Schwab Investment Management Inc. raised its holdings in Procter & Gamble by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock worth $2,336,552,000 after purchasing an additional 206,165 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Procter & Gamble by 5.6% during the 4th quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock worth $1,547,021,000 after purchasing an additional 559,358 shares during the last quarter. Franklin Resources Inc. raised its holdings in Procter & Gamble by 2.6% during the 4th quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock worth $1,402,636,000 after purchasing an additional 246,323 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Procter & Gamble by 17.1% during the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock worth $1,390,963,000 after purchasing an additional 1,387,539 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PG shares. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Citigroup boosted their price objective on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price objective for the company. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $171.74.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $1.10 during trading on Friday, reaching $166.64. 4,682,410 shares of the company traded hands, compared to its average volume of 6,509,070. The company’s 50 day moving average is $166.07 and its two-hundred day moving average is $159.94. The firm has a market capitalization of $393.29 billion, a PE ratio of 27.32, a PEG ratio of 3.19 and a beta of 0.41. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the prior year, the company earned $1.37 EPS. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Procter & Gamble Company 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.