Virtus Fund Advisers LLC Purchases 466,847 Shares of Procter & Gamble (PG)

Virtus Fund Advisers LLC raised its position in shares of Procter & Gamble (NYSE:PG) by 39.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,644,724 shares of the company’s stock after buying an additional 466,847 shares during the quarter. Procter & Gamble comprises 1.5% of Virtus Fund Advisers LLC’s portfolio, making the stock its 5th biggest holding. Virtus Fund Advisers LLC owned approximately 0.07% of Procter & Gamble worth $151,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Truepoint Inc. lifted its stake in shares of Procter & Gamble by 8,711.3% in the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Procter & Gamble by 60,483.0% in the 3rd quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock valued at $220,392,000 after purchasing an additional 2,419,319 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Procter & Gamble by 15.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,693,500 shares of the company’s stock valued at $790,927,000 after purchasing an additional 1,171,369 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Procter & Gamble by 9.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock valued at $1,180,687,000 after purchasing an additional 1,064,665 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in shares of Procter & Gamble by 139.0% in the 3rd quarter. TCW Group Inc. now owns 1,415,373 shares of the company’s stock valued at $128,771,000 after purchasing an additional 823,070 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

In other Procter & Gamble news, insider Jeffrey K. Schomburger sold 37,776 shares of Procter & Gamble stock in a transaction on Monday, February 26th. The stock was sold at an average price of $81.37, for a total transaction of $3,073,833.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of Procter & Gamble stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,456 shares of company stock valued at $3,663,460. 0.35% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently issued reports on PG shares. Morgan Stanley lowered their price objective on Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, April 5th. Bank of America reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Procter & Gamble in a research note on Thursday, April 19th. Deutsche Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Friday, April 20th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. Finally, Barclays reissued a “hold” rating and set a $80.00 price target on shares of Procter & Gamble in a research note on Sunday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and an average price target of $82.85.

Shares of Procter & Gamble opened at $73.45 on Monday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.91 and a quick ratio of 0.74. The firm has a market cap of $185.17 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.38 and a beta of 0.58. Procter & Gamble has a twelve month low of $70.73 and a twelve month high of $94.67.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The business had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.22 billion. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. Procter & Gamble’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. research analysts expect that Procter & Gamble will post 4.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th were given a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, April 19th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 dividend on an annualized basis and a yield of 3.91%. Procter & Gamble’s payout ratio is 73.21%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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