Meeder Advisory Services Inc. Buys 16,996 Shares of The Procter & Gamble Company (NYSE:PG)

Meeder Advisory Services Inc. grew its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 39.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,488 shares of the company's stock after purchasing an additional 16,996 shares during the period. Procter & Gamble makes up 0.6% of Meeder Advisory Services Inc.'s portfolio, making the stock its 27th biggest position. Meeder Advisory Services Inc.'s holdings in Procter & Gamble were worth $10,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Norges Bank purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $5,244,463,000. Raymond James Financial Inc. acquired a new position in shares of Procter & Gamble in the fourth quarter worth $1,010,685,000. Geode Capital Management LLC raised its holdings in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock worth $9,538,327,000 after acquiring an additional 3,619,466 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Procter & Gamble by 1,195.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock valued at $580,596,000 after purchasing an additional 2,973,757 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a report on Thursday. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, DA Davidson reiterated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $182.00.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm's 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 in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $8.66 during midday trading on Friday, reaching $163.73. 13,446,957 shares of the company traded hands, compared to its average volume of 6,942,870. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock's 50-day simple moving average is $169.17 and its 200-day simple moving average is $169.15. The firm has a market cap of $383.92 billion, a PE ratio of 26.07, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.46%. Procter & Gamble's dividend payout ratio (DPR) is 64.01%.

Procter & Gamble Company 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.