Ensign Peak Advisors Inc Buys 241,517 Shares of The Procter & Gamble Company (NYSE:PG)

Ensign Peak Advisors Inc raised its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,701,975 shares of the company's stock after acquiring an additional 241,517 shares during the quarter. Procter & Gamble makes up 0.8% of Ensign Peak Advisors Inc's portfolio, making the stock its 18th largest holding. Ensign Peak Advisors Inc owned about 0.12% of Procter & Gamble worth $452,986,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cladis Investment Advisory LLC raised its stake in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after acquiring an additional 236 shares during the last quarter. FAS Wealth Partners Inc. boosted its holdings in Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after acquiring an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA boosted its holdings in Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after acquiring an additional 2,179 shares during the last quarter. Strategic Advisors LLC boosted its holdings in Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Richard C. Young & CO. LTD. boosted its holdings in Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after acquiring an additional 2,568 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,520 shares of company stock valued at $10,999,268 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 0.6%

PG traded down $0.92 during trading on Friday, reaching $157.73. The company had a trading volume of 6,450,866 shares, compared to its average volume of 7,201,672. The business's fifty day moving average price is $165.92 and its 200 day moving average price is $167.54. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a market cap of $369.80 billion, a P/E ratio of 25.12, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the business posted $1.52 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is currently 66.98%.

Analyst Ratings Changes

PG has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Royal Bank of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $178.52.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and 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.