Vanguard Personalized Indexing Management LLC Acquires 32,371 Shares of The Procter & Gamble Company (NYSE:PG)

Vanguard Personalized Indexing Management LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 15.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,089 shares of the company’s stock after purchasing an additional 32,371 shares during the quarter. Procter & Gamble makes up approximately 0.7% of Vanguard Personalized Indexing Management LLC’s holdings, making the stock its 17th biggest position. Vanguard Personalized Indexing Management LLC’s holdings in Procter & Gamble were worth $39,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Fairway Wealth LLC bought a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $29,000. Ruedi Wealth Management Inc. raised its holdings in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC purchased a new stake in Procter & Gamble in the second quarter worth $34,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble in the fourth quarter worth $31,000. Finally, Quest Partners LLC purchased a new stake in Procter & Gamble in the second quarter worth $36,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares in the company, valued at approximately $44,508,763.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at $45,002,649.58. The disclosure for this sale can be found here. Insiders sold 375,553 shares of company stock worth $63,829,141 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.7 %

NYSE:PG opened at $175.93 on Wednesday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94. The stock has a market capitalization of $415.22 billion, a P/E ratio of 28.75, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The company’s 50-day simple moving average is $169.80 and its 200-day simple moving average is $165.49.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PG. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $182.00 to $175.00 in a research note on Wednesday, July 24th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BNP Paribas began coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Citigroup increased their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada increased their price target on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.79.

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.