Advisors Preferred LLC Purchases Shares of 16,389 Procter & Gamble Company (The) (NYSE:PG)

Advisors Preferred LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,389 shares of the company's stock, valued at approximately $2,795,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after buying an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings 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 worth $57,294,000 after purchasing an additional 284,174 shares during the period. Modern Wealth Management LLC grew its holdings in Procter & Gamble by 26.4% in the fourth quarter. Modern Wealth Management LLC now owns 55,260 shares of the company's stock worth $9,258,000 after purchasing an additional 11,540 shares during the period. Prospect Financial Group LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $271,000. Finally, TIAA Trust National Association grew its holdings in Procter & Gamble by 1.5% in the fourth quarter. TIAA Trust National Association now owns 331,846 shares of the company's stock worth $55,634,000 after purchasing an additional 4,889 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.3%

Shares of Procter & Gamble stock traded down $0.53 during trading on Friday, hitting $158.28. The company's stock had a trading volume of 5,796,641 shares, compared to its average volume of 8,211,190. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The company has a fifty day simple moving average of $161.12 and a two-hundred day simple moving average of $164.24. The company has a market capitalization of $371.10 billion, a PE ratio of 25.12, a P/E/G ratio of 4.51 and a beta of 0.40. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared 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 of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is presently 67.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PG shares. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $164.00 to $177.00 in a report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Piper Sandler lifted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $176.12.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble Company 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.