Capital Asset Advisory Services LLC Has $5.57 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Capital Asset Advisory Services LLC trimmed its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,866 shares of the company's stock after selling 6,213 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Procter & Gamble were worth $5,571,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PG. NewSquare Capital LLC raised its position in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Navigoe LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Hoey Investments Inc. boosted its position 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 purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 now owns 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 now directly owns 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. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on PG shares. Evercore ISI raised their price target on shares of Procter & Gamble from $170.00 to $190.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Citigroup lowered their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Bank of America decreased their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble Stock Performance

Shares of PG stock traded down $0.82 during trading hours on Wednesday, reaching $166.03. The stock had a trading volume of 4,935,328 shares, compared to its average volume of 7,301,885. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The firm has a 50-day simple moving average of $164.33 and a 200-day simple moving average of $167.38. The firm has a market capitalization of $389.26 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the firm posted $1.52 EPS. The business's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. 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. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. Procter & Gamble's payout ratio is 66.98%.

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.