Creative Planning Has $190.41 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Creative Planning increased its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,256,336 shares of the company’s stock after purchasing an additional 42,492 shares during the period. Creative Planning owned approximately 0.05% of Procter & Gamble worth $190,410,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PG. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 1.0% during the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after acquiring an additional 2,197,165 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 1.1% in the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after purchasing an additional 1,811,085 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Procter & Gamble by 431.3% in the third quarter. Two Sigma Advisers LP now owns 1,542,800 shares of the company’s stock valued at $194,779,000 after purchasing an additional 1,252,400 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Procter & Gamble by 139.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,718,903 shares of the company’s stock valued at $260,517,000 after purchasing an additional 1,000,548 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Procter & Gamble by 109.6% in the third quarter. Two Sigma Investments LP now owns 1,855,919 shares of the company’s stock valued at $234,310,000 after purchasing an additional 970,614 shares in the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.2 %

Shares of PG stock traded down $0.31 on Friday, reaching $145.08. 1,968,273 shares of the company were exchanged, compared to its average volume of 6,380,917. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $158.11. The company has a market cap of $341.95 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 4.07 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39. The company has a 50-day moving average of $151.37 and a 200-day moving average of $147.02.

Procter & Gamble (NYSE:PG – Get Rating) last posted its earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The firm had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter last year, the firm earned $1.33 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 5.86 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were paid a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.59%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Thursday, April 20th. Procter & Gamble’s payout ratio is currently 65.51%.

Analyst Ratings Changes

PG has been the topic of a number of recent research reports. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Sunday, April 23rd. UBS Group boosted their price target on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $150.00 to $155.00 in a research report on Friday, March 3rd. Evercore ISI boosted their price target on Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Finally, Barclays boosted their price target on Procter & Gamble from $160.00 to $167.00 in a research note on Wednesday, April 26th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.50.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the transaction, the insider now directly owns 10,198 shares in the company, valued at approximately $1,400,593.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,300 shares of Procter & Gamble stock in a transaction on Monday, April 24th. The stock was sold at an average price of $156.33, for a total transaction of $1,922,859.00. Following the sale, the insider now directly owns 13,001 shares of the company’s stock, valued at $2,032,446.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,424 shares of company stock worth $15,416,750. Corporate insiders own 0.26% of the company’s stock.

About Procter & Gamble

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.