Graybill Wealth Management LTD. Takes $1.02 Million Position in Procter & Gamble Company (The) (NYSE:PG)

Graybill Wealth Management LTD. purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,978 shares of the company's stock, valued at approximately $1,019,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Navigoe LLC acquired a new stake in Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. Hoey Investments Inc. lifted its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the period. 10Elms LLP bought a new position in shares of Procter & Gamble during the 4th quarter worth about $34,000. Finally, Sunbeam Capital Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth about $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.6%

Shares of NYSE:PG traded up $0.95 during trading on Thursday, hitting $154.68. 3,266,379 shares of the company's stock were exchanged, compared to its average volume of 7,628,389. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43. The firm has a 50-day moving average price of $161.43 and a two-hundred day moving average price of $164.61. 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 firm has a market cap of $362.66 billion, a P/E ratio of 24.56, a PEG ratio of 4.35 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the previous year, the company earned $1.52 EPS. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 yield of 2.73%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 67.14%.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the business'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 transaction 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 represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PG. Citigroup cut their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America cut their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Evercore ISI reissued an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $176.80.

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.