Mackenzie Financial Corp Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Mackenzie Financial Corp raised its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,551,529 shares of the company's stock after purchasing an additional 125,668 shares during the period. Mackenzie Financial Corp owned 0.07% of Procter & Gamble worth $227,361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Axiom Financial Strategies LLC raised its position in shares of Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company's stock worth $276,000 after acquiring an additional 113 shares in the last quarter. AMI Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 7.2% during the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company's stock valued at $529,000 after buying an additional 233 shares in the last quarter. LSV Asset Management grew its position in shares of Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company's stock worth $2,842,000 after buying an additional 1,000 shares during the period. Ergoteles LLC bought a new position in shares of Procter & Gamble in the 1st quarter worth about $3,073,000. Finally, Wsfs Capital Management LLC lifted its position in Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company's stock valued at $650,000 after acquiring an additional 455 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PG. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a report on Wednesday, January 24th. Barclays lifted their price target on Procter & Gamble from $165.00 to $168.00 and gave the stock an "overweight" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. StockNews.com cut Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Finally, Stifel Nicolaus boosted their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a "hold" rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $168.53.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 101,704 shares of the company's stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the transaction, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the business's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares of the company's stock, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.12 during trading on Monday, hitting $155.45. The company had a trading volume of 5,753,652 shares, compared to its average volume of 6,864,547. The stock has a 50 day simple moving average of $159.32 and a 200 day simple moving average of $152.63. The firm has a market capitalization of $365.78 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. The business had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 earnings per share. As a group, analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.59%. This is a boost from Procter & Gamble's previous quarterly dividend of $0.94. Procter & Gamble's dividend payout ratio (DPR) is currently 62.98%.

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.