Resonant Capital Advisors LLC Purchases 1,715 Shares of Procter & Gamble Company (The) (NYSE:PG)

Resonant Capital Advisors LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,652 shares of the company's stock after buying an additional 1,715 shares during the quarter. Resonant Capital Advisors LLC's holdings in Procter & Gamble were worth $4,372,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC raised its stake in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares in the last quarter. Synergy Investment Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $170,000. Exencial Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 1.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 16,023 shares of the company's stock valued at $2,686,000 after purchasing an additional 236 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Procter & Gamble by 0.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,517,274 shares of the company's stock valued at $254,371,000 after purchasing an additional 8,864 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PG shares. Redburn Atlantic cut 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. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Raymond James Financial decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased 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. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Activity at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on 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 owned 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. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Down 0.3%

Procter & Gamble stock traded down $0.48 during midday trading on Friday, reaching $160.72. The stock had a trading volume of 6,999,589 shares, compared to its average volume of 7,490,519. The firm's fifty day simple moving average is $162.10 and its 200-day simple moving average is $165.37. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The stock has a market capitalization of $376.82 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 4.59 and a beta of 0.40. 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 (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is currently 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.