SageView Advisory Group LLC Has $3.67 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

SageView Advisory Group LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 29.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,298 shares of the company’s stock after buying an additional 5,312 shares during the quarter. SageView Advisory Group LLC’s holdings in Procter & Gamble were worth $3,669,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Advantage Trust Co acquired a new stake in Procter & Gamble in the 4th quarter worth about $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $29,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.2 %

PG traded up $0.38 during trading on Friday, reaching $166.79. 3,694,974 shares of the company’s stock were exchanged, compared to its average volume of 4,965,412. The stock has a market capitalization of $393.65 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.97. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $163.40 and a two-hundred day moving average price of $157.54.

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

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were 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 in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,544 shares of company stock worth $25,413,051. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Barclays lifted their price target 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. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Finally, Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $169.76.

About Procter & Gamble

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.