Envestnet Portfolio Solutions Inc. Purchases 44,830 Shares of The Procter & Gamble Company (NYSE:PG)

Envestnet Portfolio Solutions Inc. grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 24.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 227,204 shares of the company’s stock after acquiring an additional 44,830 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Procter & Gamble were worth $36,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Raleigh Capital Management Inc. increased its stake in Procter & Gamble by 10.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 9,059 shares of the company’s stock worth $1,321,000 after buying an additional 852 shares in the last quarter. Global Wealth Strategies & Associates increased its stake in Procter & Gamble by 9.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 842 shares of the company’s stock worth $123,000 after buying an additional 76 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Procter & Gamble by 0.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 290,192 shares of the company’s stock worth $42,525,000 after buying an additional 2,622 shares in the last quarter. Chemung Canal Trust Co. grew its position in shares of Procter & Gamble by 0.4% during the fourth quarter. Chemung Canal Trust Co. now owns 97,055 shares of the company’s stock valued at $14,222,000 after purchasing an additional 415 shares in the last quarter. Finally, Baron Wealth Management LLC grew its position in shares of Procter & Gamble by 1.4% during the fourth quarter. Baron Wealth Management LLC now owns 6,122 shares of the company’s stock valued at $897,000 after purchasing an additional 83 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $1.10 during trading hours on Friday, reaching $166.64. The stock had a trading volume of 4,682,410 shares, compared to its average volume of 6,509,070. The stock’s 50 day moving average is $166.07 and its 200 day moving average is $159.94. The firm has a market capitalization of $393.29 billion, a PE ratio of 27.32, a PEG ratio of 3.19 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s payout ratio is 65.85%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PG. Barclays increased their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Citigroup lifted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Argus lifted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.74.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock worth $25,413,051. Insiders own 0.17% of the company’s stock.

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.