Dimensional Fund Advisors LP Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Dimensional Fund Advisors LP boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 8.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,691,925 shares of the company’s stock after buying an additional 733,440 shares during the period. Procter & Gamble comprises 0.4% of Dimensional Fund Advisors LP’s portfolio, making the stock its 19th biggest holding. Dimensional Fund Advisors LP’s holdings in Procter & Gamble were worth $1,598,510,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. grew its position in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $34,000. Vima LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $35,000. Finally, Quest Partners LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $36,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Citigroup upped their price target on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. 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 report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $175.79.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares in the company, valued at $6,325,360. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,553 shares of company stock worth $63,829,141. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

NYSE:PG opened at $174.08 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $169.38 and its two-hundred day moving average is $165.24. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $177.94. The stock has a market capitalization of $410.85 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.77 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Procter & Gamble Company Profile

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.