J.W. Cole Advisors Inc. Grows Position in Procter & Gamble Company (The) (NYSE:PG)

J.W. Cole Advisors Inc. boosted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 42.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,085 shares of the company's stock after purchasing an additional 27,963 shares during the quarter. Procter & Gamble comprises 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 added to or reduced their stakes in the company. Unique Wealth LLC grew its holdings in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after acquiring an additional 61 shares during the period. Stableford Capital II LLC grew its holdings in shares of Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after acquiring an additional 61 shares during the period. Bernard Wealth Management Corp. grew its holdings in shares of Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after acquiring an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management grew its holdings in shares of Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after acquiring an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC grew its holdings in shares of Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after acquiring an additional 64 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Raymond James Financial cut their price target 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, Barclays upped their price target on Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $176.84.

Procter & Gamble Stock Up 1.6%

PG stock traded up $2.47 during midday trading on Tuesday, hitting $157.50. The company's stock had a trading volume of 4,121,010 shares, compared to its average volume of 7,638,288. The company has a market cap of $369.26 billion, a PE ratio of 25.00, a P/E/G ratio of 4.41 and a beta of 0.40. Procter & Gamble Company has a 12 month low of $151.90 and a 12 month 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's 50-day moving average is $161.31 and its 200-day moving average is $164.41.

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 for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. Procter & Gamble's dividend payout ratio (DPR) is currently 67.14%.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm'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 transaction, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider 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. Company insiders own 0.18% of the company's stock.

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.