Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,606 shares of the company's stock after acquiring an additional 10,396 shares during the period. Stratos Wealth Partners LTD.'s holdings in Procter & Gamble were worth $28,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Liberty One Investment Management LLC grew its holdings in Procter & Gamble by 1.6% during the 1st quarter. Liberty One Investment Management LLC now owns 179,028 shares of the company's stock valued at $30,510,000 after buying an additional 2,771 shares during the last quarter. Stratos Investment Management LLC grew its holdings in Procter & Gamble by 16.9% during the 1st quarter. Stratos Investment Management LLC now owns 41,809 shares of the company's stock valued at $7,125,000 after buying an additional 6,059 shares during the last quarter. Navalign LLC grew its holdings in Procter & Gamble by 0.7% during the 1st quarter. Navalign LLC now owns 10,678 shares of the company's stock valued at $1,820,000 after buying an additional 72 shares during the last quarter. Garrett Wealth Advisory Group LLC grew its holdings in Procter & Gamble by 5.5% during the 1st quarter. Garrett Wealth Advisory Group LLC now owns 5,707 shares of the company's stock valued at $973,000 after buying an additional 299 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its holdings in Procter & Gamble by 94.2% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 30,131 shares of the company's stock valued at $5,135,000 after buying an additional 14,615 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PG. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Citigroup decreased their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 1.0%

NYSE:PG traded down $1.54 during mid-day trading on Friday, hitting $156.95. The company had a trading volume of 8,051,886 shares, compared to its average volume of 7,596,124. The business has a fifty day simple moving average of $161.77 and a 200-day simple moving average of $164.94. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 1 year low of $155.95 and a 1 year high of $180.43. The firm has a market capitalization of $367.98 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.51 and a beta of 0.40.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 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.