Braun Stacey Associates Inc. Has $21.89 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Braun Stacey Associates Inc. lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,418 shares of the company's stock after buying an additional 2,445 shares during the period. Braun Stacey Associates Inc.'s holdings in Procter & Gamble were worth $21,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Brighton Jones LLC raised its position in shares of 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 purchasing an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of Procter & Gamble by 493.6% during 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. Proficio Capital Partners LLC raised its position in shares of Procter & Gamble by 50.4% during the fourth quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company's stock worth $1,737,000 after purchasing an additional 3,472 shares during the period. Dana Investment Advisors Inc. raised its position in shares of Procter & Gamble by 10.0% during the fourth quarter. Dana Investment Advisors Inc. now owns 41,605 shares of the company's stock worth $6,975,000 after purchasing an additional 3,784 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Procter & Gamble by 24.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 18,808 shares of the company's stock worth $3,153,000 after purchasing an additional 3,638 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction 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. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $1,669,208.40. Following the transaction, 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 position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PG shares. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Bank of America lowered their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Raymond James Financial lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $178.45.

Procter & Gamble Stock Down 0.3%

Shares of PG traded down $0.48 during trading hours on Friday, hitting $160.72. 6,999,589 shares of the company were exchanged, compared to its average volume of 7,494,586. The company has a market cap of $376.82 billion, a PE ratio of 23.83, a PEG ratio of 4.58 and a beta of 0.40. The firm's 50 day moving average is $162.10 and its 200-day moving average is $165.30. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly 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 the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. 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.