N.E.W. Advisory Services LLC Has $15.98 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

N.E.W. Advisory Services LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,739 shares of the company’s stock after buying an additional 7,213 shares during the quarter. Procter & Gamble comprises approximately 1.2% of N.E.W. Advisory Services LLC’s investment portfolio, making the stock its 20th biggest position. N.E.W. Advisory Services LLC’s holdings in Procter & Gamble were worth $15,975,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% in the 4th 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 in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after buying an additional 284,174 shares in the last quarter. Partners in Financial Planning bought a new position in Procter & Gamble in the fourth quarter valued at about $585,000. Hazlett Burt & Watson Inc. raised its stake in Procter & Gamble by 4.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 16,369 shares of the company’s stock worth $2,744,000 after acquiring an additional 627 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Procter & Gamble by 4.5% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 36,453 shares of the company’s stock worth $6,111,000 after acquiring an additional 1,581 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PG. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Raymond James Financial lowered their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Barclays increased their price target on Procter & Gamble from $160.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Finally, Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $176.12.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares of the company’s stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $156.98 on Tuesday. The business has a 50-day moving average price of $160.86 and a two-hundred day moving average price of $164.24. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43. 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 company has a market cap of $368.05 billion, a P/E ratio of 24.92, a PEG ratio of 4.51 and a beta of 0.40.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.69%. Procter & Gamble’s payout ratio is currently 67.14%.

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.