Inspirion Wealth Advisors LLC Boosts Stock Position in Procter & Gamble Co (NYSE:PG)

Inspirion Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,853 shares of the company’s stock after purchasing an additional 1,265 shares during the quarter. Procter & Gamble makes up approximately 1.3% of Inspirion Wealth Advisors LLC’s holdings, making the stock its 17th largest holding. Inspirion Wealth Advisors LLC’s holdings in Procter & Gamble were worth $3,330,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PG. Norges Bank purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $3,338,757,000. Morgan Stanley increased its holdings in shares of Procter & Gamble by 54.8% in the 1st quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock valued at $2,297,142,000 after acquiring an additional 7,392,929 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Procter & Gamble by 72.2% in the 1st quarter. Janus Henderson Group PLC now owns 10,768,053 shares of the company’s stock valued at $1,184,519,000 after acquiring an additional 4,515,204 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Procter & Gamble by 66.4% in the 1st quarter. Franklin Resources Inc. now owns 10,508,172 shares of the company’s stock valued at $1,155,899,000 after acquiring an additional 4,191,966 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Procter & Gamble by 10.2% in the 1st 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 during the last quarter. Institutional investors own 63.44% of the company’s stock.

A number of equities research analysts have recently weighed in on PG shares. Citigroup boosted their price target on Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a report on Monday, April 20th. Morgan Stanley boosted their price target on Procter & Gamble from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Royal Bank of Canada restated a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research report on Tuesday, April 14th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Deutsche Bank boosted their price objective on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $130.31.

PG stock traded up $0.66 during trading on Thursday, reaching $123.55. 72,535 shares of the company’s stock were exchanged, compared to its average volume of 7,857,717. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. Procter & Gamble Co has a 1-year low of $94.34 and a 1-year high of $128.09. The company’s fifty day moving average price is $117.02 and its 200-day moving average price is $119.03. The firm has a market cap of $302.57 billion, a PE ratio of 69.43, a P/E/G ratio of 3.25 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The business had revenue of $17.21 billion during the quarter, compared to analyst estimates of $17.29 billion. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, sell-side analysts expect that Procter & Gamble Co will post 4.96 earnings per share for the current fiscal year.

In other news, CEO R. Alexandra Keith sold 7,360 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total value of $883,200.00. Following the completion of the sale, the chief executive officer now owns 44,746 shares in the company, valued at $5,369,520. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Deborah P. Majoras sold 12,589 shares of the company’s stock in a transaction on Monday, April 20th. The shares were 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 owns 44,948 shares of the company’s stock, valued at approximately $5,514,220.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,963,114 shares of company stock valued at $1,067,197,986. Insiders own 1.75% of the company’s stock.

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.

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

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