Meeder Advisory Services Inc. Has $10.14 Million Stake in The Procter & Gamble Company (NYSE:PG)

Meeder Advisory Services Inc. grew its holdings in The Procter & Gamble Company (NYSE:PG) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,488 shares of the company’s stock after purchasing an additional 16,996 shares during the quarter. Procter & Gamble comprises about 0.6% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 27th largest position. Meeder Advisory Services Inc.’s holdings in Procter & Gamble were worth $10,141,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PG. NewSquare Capital LLC increased its stake in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Hoey Investments Inc. boosted its holdings in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble in the fourth quarter worth about $34,000. Atlantic Private Wealth LLC raised its holdings in Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after purchasing an additional 101 shares during the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in Procter & Gamble during the 4th quarter valued at about $38,000. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 in the last three months. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PG shares. DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $170.61 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $400.05 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock’s 50-day moving average is $168.96 and its 200-day moving average is $169.27.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.36%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble 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.