Envestnet Asset Management Inc. Has $125.98 Million Position in Procter & Gamble Co (NYSE:PG)

Envestnet Asset Management Inc. lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,012,878 shares of the company’s stock after selling 64,242 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Procter & Gamble were worth $125,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. lifted its stake in Procter & Gamble by 3.2% in the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after buying an additional 98 shares during the last quarter. NEXT Financial Group Inc lifted its stake in Procter & Gamble by 104.5% in the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after buying an additional 12,038 shares during the last quarter. Homrich & Berg lifted its stake in Procter & Gamble by 1.1% in the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after buying an additional 1,291 shares during the last quarter. Bellecapital International Ltd. lifted its stake in Procter & Gamble by 19.0% in the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after buying an additional 1,025 shares during the last quarter. Finally, First National Bank of South Miami lifted its stake in Procter & Gamble by 5.1% in the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock valued at $823,000 after buying an additional 340 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

PG has been the topic of a number of recent research reports. Goldman Sachs Group reiterated a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. ValuEngine cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada restated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research note on Tuesday, July 30th. Finally, TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $116.71.

In related news, Director Nelson Peltz sold 206,967 shares of Procter & Gamble stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $124.40, for a total value of $25,746,694.80. Following the transaction, the director now owns 3,844 shares of the company’s stock, valued at approximately $478,193.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the transaction, the insider now directly owns 139,066 shares in the company, valued at approximately $17,377,687.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,645,966 shares of company stock worth $202,229,770. 1.75% of the stock is owned by corporate insiders.

NYSE:PG traded up $0.08 during mid-day trading on Friday, reaching $119.70. 4,181,176 shares of the stock were exchanged, compared to its average volume of 7,798,948. The business has a fifty day moving average price of $121.95 and a 200 day moving average price of $115.01. The firm has a market capitalization of $296.51 billion, a PE ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42. Procter & Gamble Co has a 1-year low of $86.74 and a 1-year high of $125.77. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The firm had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. Procter & Gamble’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. On average, sell-side analysts forecast that Procter & Gamble Co will post 4.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s payout ratio is currently 65.93%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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