Avantax Advisory Services Inc. Grows Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Avantax Advisory Services Inc. boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,379 shares of the company's stock after acquiring an additional 10,507 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Procter & Gamble were worth $42,329,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Navigoe LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. raised its position in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. 10Elms LLP bought a new stake in Procter & Gamble during the 4th quarter valued at $34,000. Finally, Sunbeam Capital Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was 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 represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PG. Raymond James Financial reduced their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. UBS Group reduced their price target on Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Barclays boosted their price target on Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $176.12.

Procter & Gamble Price Performance

Shares of NYSE:PG traded down $0.53 during midday trading on Friday, hitting $158.28. The company had a trading volume of 5,799,883 shares, compared to its average volume of 9,070,670. Procter & Gamble Company has a twelve month low of $151.90 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The stock has a market cap of $371.10 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 4.52 and a beta of 0.40. The business's 50-day simple moving average is $161.02 and its 200-day simple moving average is $164.22.

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

Procter & Gamble Announces Dividend

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 paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.67%. Procter & Gamble's dividend payout ratio (DPR) is 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.