Procter & Gamble Company (The) (NYSE:PG) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,398,486 shares of the company's stock after purchasing an additional 268,128 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of Procter & Gamble worth $579,170,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Navigoe LLC bought a new position in Procter & Gamble in the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth $31,000. Hoey Investments Inc. grew its stake in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Finally, 10Elms LLP purchased a new position in Procter & Gamble during the fourth quarter valued at $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider directly owned 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer directly owned 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 disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PG has been the subject of several analyst reports. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $178.45.

Procter & Gamble Stock Down 1.7%

Shares of NYSE PG traded down $2.65 during trading hours on Tuesday, hitting $157.85. 11,953,583 shares of the stock were exchanged, compared to its average volume of 7,521,072. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The company has a market cap of $370.09 billion, a PE ratio of 25.06, a PEG ratio of 4.58 and a beta of 0.40. The firm has a fifty day moving average price of $162.07 and a 200-day moving average price of $165.20. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the company earned $1.52 earnings per share. The company's quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

About Procter & Gamble

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.