Axxcess Wealth Management LLC Sells 7,034 Shares of Procter & Gamble Company (The) (NYSE:PG)

Axxcess Wealth Management LLC decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,387 shares of the company's stock after selling 7,034 shares during the quarter. Axxcess Wealth Management LLC's holdings in Procter & Gamble were worth $15,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its stake in Procter & Gamble by 1.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 38,397 shares of the company's stock worth $6,544,000 after purchasing an additional 616 shares during the period. Slagle Financial LLC increased its stake in Procter & Gamble by 1.3% in the 1st quarter. Slagle Financial LLC now owns 41,503 shares of the company's stock worth $7,073,000 after purchasing an additional 531 shares during the period. Cornerstone Planning Group LLC increased its stake in Procter & Gamble by 124.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,760 shares of the company's stock worth $292,000 after purchasing an additional 975 shares during the period. Dogwood Wealth Management LLC increased its stake in Procter & Gamble by 23.1% in the 1st quarter. Dogwood Wealth Management LLC now owns 426 shares of the company's stock worth $73,000 after purchasing an additional 80 shares during the period. Finally, Roberts Foundation increased its stake in Procter & Gamble by 0.6% in the 1st quarter. Roberts Foundation now owns 231,472 shares of the company's stock worth $39,447,000 after purchasing an additional 1,410 shares during the period. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on PG. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Bank of America reduced their target price 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. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Stock Up 0.6%

PG stock traded up $0.94 during midday trading on Thursday, hitting $158.46. The stock had a trading volume of 7,182,641 shares, compared to its average volume of 7,587,241. The firm has a market cap of $371.52 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 4.48 and a beta of 0.40. The business has a 50-day moving average of $161.84 and a two-hundred day moving average of $165.03. Procter & Gamble Company has a 52-week low of $155.95 and a 52-week 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.

Procter & Gamble (NYSE:PG - Get Free Report) last released its 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 return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business 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. This represents a $4.23 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Insider Buying and Selling at Procter & Gamble

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

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.