J.W. Cole Advisors Inc. Acquires 27,963 Shares of Procter & Gamble Company (The) (NYSE:PG)

J.W. Cole Advisors Inc. grew its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,085 shares of the company's stock after purchasing an additional 27,963 shares during the quarter. Procter & Gamble makes up about 0.5% of J.W. Cole Advisors Inc.'s portfolio, making the stock its 29th biggest holding. J.W. Cole Advisors Inc.'s holdings in Procter & Gamble were worth $15,864,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Navigoe LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $31,000. Hoey Investments Inc. boosted its stake in 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 last quarter. 10Elms LLP acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Finally, Sunbeam Capital Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

PG has been the topic of a number of recent analyst reports. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Citigroup cut their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research note on Thursday, May 1st. Piper Sandler boosted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $176.84.

Procter & Gamble Trading Down 0.0%

PG traded down $0.02 during midday trading on Wednesday, hitting $158.30. The company's stock had a trading volume of 1,904,421 shares, compared to its average volume of 8,225,890. The firm has a market cap of $371.14 billion, a P/E ratio of 25.12, a PEG ratio of 4.41 and a beta of 0.40. Procter & Gamble Company has a 52-week low of $151.90 and a 52-week high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $161.31 and a two-hundred day moving average price of $164.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly 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. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Procter & Gamble Company 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.