Stratos Wealth Advisors LLC Reduces Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Stratos Wealth Advisors LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 51.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,215 shares of the company's stock after selling 73,951 shares during the period. Stratos Wealth Advisors LLC's holdings in Procter & Gamble were worth $11,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Brighton Jones LLC boosted its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after buying an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Procter & Gamble by 50.4% during the fourth quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company's stock valued at $1,737,000 after purchasing an additional 3,472 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Procter & Gamble by 17.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815,243 shares of the company's stock valued at $304,325,000 after purchasing an additional 272,461 shares during the period. Finally, Main Street Research LLC boosted its stake in shares of Procter & Gamble by 5.1% during the fourth quarter. Main Street Research LLC now owns 385,813 shares of the company's stock valued at $64,682,000 after purchasing an additional 18,547 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

PG opened at $160.46 on Tuesday. Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The company has a market cap of $376.21 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 4.58 and a beta of 0.40. The firm's 50-day moving average price is $162.07 and its 200-day moving average price is $165.20.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Citigroup lowered their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Raymond James Financial lowered their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.45.

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.

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