L.M. Kohn & Company Purchases 15,797 Shares of Procter & Gamble Company (The) (NYSE:PG)

L.M. Kohn & Company increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 102.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,276 shares of the company's stock after buying an additional 15,797 shares during the period. Procter & Gamble accounts for 1.4% of L.M. Kohn & Company's holdings, making the stock its 15th biggest holding. L.M. Kohn & Company's holdings in Procter & Gamble were worth $5,330,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Brady Family Wealth LLC raised its stake in Procter & Gamble by 1.7% during the first quarter. Brady Family Wealth LLC now owns 23,945 shares of the company's stock worth $4,081,000 after buying an additional 390 shares during the last quarter. Stableford Capital II LLC raised its stake in Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the last quarter. Proathlete Wealth Management LLC grew its holdings in Procter & Gamble by 4.1% in the first quarter. Proathlete Wealth Management LLC now owns 5,031 shares of the company's stock worth $861,000 after purchasing an additional 196 shares during the period. Abundance Wealth Counselors grew its holdings in Procter & Gamble by 1.2% in the first quarter. Abundance Wealth Counselors now owns 10,773 shares of the company's stock worth $1,825,000 after purchasing an additional 126 shares during the period. Finally, Good Steward Wealth Advisors LLC acquired a new stake in Procter & Gamble in the first quarter worth $663,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.6%

Procter & Gamble stock opened at $158.93 on Friday. The stock has a market cap of $372.62 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 4.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The firm's 50-day simple moving average is $163.35 and its 200 day simple moving average is $166.13.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. This is a positive change 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 2.66%. Procter & Gamble's payout ratio is currently 66.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PG shares. Evercore ISI restated an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.86.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade 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.

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