Fifth Third Wealth Advisors LLC Purchases 7,120 Shares of The Procter & Gamble Company (NYSE:PG)

Fifth Third Wealth Advisors LLC raised its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,211 shares of the company's stock after acquiring an additional 7,120 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Procter & Gamble were worth $7,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its stake 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 buying an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Procter & Gamble during the 4th quarter worth $50,049,000. Busey Bank raised its position in shares of Procter & Gamble by 0.7% during the 4th quarter. Busey Bank now owns 185,984 shares of the company's stock valued at $31,180,000 after acquiring an additional 1,265 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Procter & Gamble by 0.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 33,147 shares of the company's stock valued at $5,557,000 after purchasing an additional 242 shares during the period. Finally, Crews Bank & Trust bought a new position in shares of Procter & Gamble in the 4th quarter worth $1,879,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PG. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Eight research 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 stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $178.86.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $2.09 during trading on Thursday, reaching $163.86. 3,580,685 shares of the stock were exchanged, compared to its average volume of 7,291,714. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock has a 50-day moving average price of $164.30 and a 200-day moving average price of $167.37. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $384.17 billion, a PE ratio of 26.09, a PEG ratio of 3.76 and a beta of 0.41.

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, beating the consensus estimate of $1.53 by $0.01. The business 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 33.00% and a net margin of 18.35%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. Research analysts expect that The 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. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.58%. Procter & Gamble's payout ratio is 66.98%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 sale, the insider now directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their position. 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.