Procter & Gamble Company (The) (NYSE:PG) Shares Bought by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 26,985 shares of the company’s stock after acquiring an additional 896 shares during the period. Procter & Gamble accounts for 1.2% of J. W. Coons Advisors LLC’s holdings, making the stock its 19th biggest position. J. W. Coons Advisors LLC’s holdings in Procter & Gamble were worth $4,599,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after purchasing an additional 284,174 shares in the last quarter. Modern Wealth Management LLC boosted its stake in Procter & Gamble by 26.4% during the 4th quarter. Modern Wealth Management LLC now owns 55,260 shares of the company’s stock valued at $9,258,000 after purchasing an additional 11,540 shares in the last quarter. Prospect Financial Group LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth $271,000. Finally, TIAA Trust National Association boosted its stake in shares of Procter & Gamble by 1.5% during the 4th quarter. TIAA Trust National Association now owns 331,846 shares of the company’s stock worth $55,634,000 after acquiring an additional 4,889 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. Barclays raised their target price on Procter & Gamble from $160.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Bank of America dropped their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.84.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer owned 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $158.30 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $371.13 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 4.41 and a beta of 0.40. The firm’s fifty day simple moving average is $161.31 and its two-hundred day simple moving average is $164.41. Procter & Gamble Company has a 12 month low of $151.90 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS. As a group, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Procter & Gamble Profile

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.