Consolidated Planning Corp Has $6.09 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Consolidated Planning Corp grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,760 shares of the company's stock after purchasing an additional 3,535 shares during the period. Consolidated Planning Corp's holdings in Procter & Gamble were worth $6,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PG. NewSquare Capital LLC boosted its position in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. boosted its position in shares of 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 acquiring an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Evercore ISI restated an "outperform" rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.86.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 0.4%

NYSE PG traded down $0.62 during mid-day trading on Tuesday, reaching $160.41. 7,468,395 shares of the stock were exchanged, compared to its average volume of 7,384,375. Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The stock has a 50 day simple moving average of $163.03 and a 200-day simple moving average of $165.87. The stock has a market cap of $376.08 billion, a P/E ratio of 25.46, a P/E/G ratio of 4.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.64%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. 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.