Koss Olinger Consulting LLC Takes $1.30 Million Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Koss Olinger Consulting LLC has acquired a new stake in Procter & Gamble Company, investing approximately $1.30 million for 7,643 shares in the first quarter.
• Several institutional investors have adjusted their holdings in Procter & Gamble, with a total of 65.77% of the company's shares now owned by institutional investors.
• Procter & Gamble recently announced a quarterly dividend of $1.0568, resulting in an annualized yield of 2.8%.

Koss Olinger Consulting LLC purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,643 shares of the company's stock, valued at approximately $1,303,000.

Several other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Procter & Gamble by 51.5% in the 4th 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 last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Procter & Gamble by 493.6% in the 4th 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 last quarter. Texas Capital Bank Wealth Management Services Inc lifted its holdings in Procter & Gamble by 1.0% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 8,032 shares of the company's stock worth $1,347,000 after purchasing an additional 79 shares during the last quarter. Eley Financial Management Inc acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $838,000. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in Procter & Gamble by 3.0% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 46,151 shares of the company's stock worth $7,737,000 after purchasing an additional 1,331 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PG shares. Citigroup reduced their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Stock Performance

PG opened at $153.55 on Friday. The stock has a market cap of $359.67 billion, a PE ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The stock's 50 day simple moving average is $158.26 and its 200-day simple moving average is $163.68.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The business's revenue was up 1.7% compared to the same quarter last year. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business 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 $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.