Foster Group Inc. Has $1.15 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Foster Group Inc. raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,845 shares of the company’s stock after purchasing an additional 253 shares during the period. Foster Group Inc.’s holdings in Procter & Gamble were worth $1,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dana Investment Advisors Inc. grew its position in Procter & Gamble by 3.0% in the 2nd quarter. Dana Investment Advisors Inc. now owns 38,429 shares of the company’s stock worth $6,338,000 after purchasing an additional 1,125 shares in the last quarter. RiverFront Investment Group LLC boosted its stake in shares of Procter & Gamble by 2.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 26,383 shares of the company’s stock worth $4,351,000 after buying an additional 698 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $1,782,000. Centennial Bank AR increased its position in shares of Procter & Gamble by 4.6% during the second quarter. Centennial Bank AR now owns 2,435 shares of the company’s stock valued at $403,000 after acquiring an additional 108 shares during the last quarter. Finally, Brown Financial Advisors purchased a new position in Procter & Gamble in the second quarter worth $2,003,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $166.34 on Thursday. The company’s 50 day simple moving average is $168.74 and its two-hundred day simple moving average is $169.41. The stock has a market capitalization of $391.74 billion, a PE ratio of 26.49, a P/E/G ratio of 3.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter last year, the company earned $1.84 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock worth $25,635,076 over the last three months. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PG shares. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Barclays raised their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

About Procter & Gamble

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.