The Procter & Gamble Company (NYSE:PG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in The Procter & Gamble Company (NYSE:PG) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,209,425 shares of the company’s stock after buying an additional 206,165 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Procter & Gamble were worth $2,336,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Naples Money Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $29,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $33,000. Criterion Capital Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $33,000. Finally, Mendota Financial Group LLC increased its stake in shares of Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PG. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, Argus increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Performance

PG traded down $0.35 during trading hours on Wednesday, hitting $165.41. 1,864,458 shares of the stock were exchanged, compared to its average volume of 6,838,972. The stock has a 50-day simple moving average of $160.23 and a 200-day simple moving average of $154.49. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $166.37. The stock has a market cap of $390.39 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The disclosure for this sale can be found here. Insiders have sold 118,724 shares of company stock valued at $19,312,729 over the last three months. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

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.