3,146 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Optivise Advisory Services LLC

Optivise Advisory Services LLC acquired a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,146 shares of the company's stock, valued at approximately $545,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legal & General Group Plc grew its stake in Procter & Gamble by 0.6% in the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after purchasing an additional 122,190 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,422,470 shares of the company's stock valued at $2,844,442,000 after buying an additional 105,734 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Procter & Gamble by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company's stock worth $1,598,510,000 after buying an additional 733,440 shares during the period. Swiss National Bank increased its stake in shares of Procter & Gamble by 0.6% in the 3rd quarter. Swiss National Bank now owns 7,005,790 shares of the company's stock worth $1,213,403,000 after acquiring an additional 39,000 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Procter & Gamble by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock valued at $974,914,000 after acquiring an additional 79,665 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PG shares. JPMorgan Chase & Co. raised their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a research note on Thursday, September 19th. DZ Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Thursday, August 29th. DA Davidson reissued a "neutral" rating and issued a $160.00 target price on shares of Procter & Gamble in a report on Wednesday. Morgan Stanley raised their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, StockNews.com cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.00.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $3.53 during midday trading on Friday, hitting $176.28. 10,609,785 shares of the stock traded hands, compared to its average volume of 6,613,133. The firm has a market capitalization of $415.15 billion, a P/E ratio of 30.39, a PEG ratio of 3.74 and a beta of 0.42. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a 50-day moving average of $170.04 and a two-hundred day moving average of $168.64.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.28%. Procter & Gamble's dividend payout ratio is currently 69.48%.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company's stock, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 87,979 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the completion of the sale, the chief executive officer now directly owns 300,777 shares of the company's stock, valued at $51,252,400.80. This represents a 22.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 160,693 shares of company stock worth $27,311,345. Company insiders own 0.18% of the company's stock.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.