Trace Wealth Advisors LLC Buys Shares of 32,465 The Procter & Gamble Company (NYSE:PG)

Trace Wealth Advisors LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,465 shares of the company's stock, valued at approximately $5,443,000. Procter & Gamble accounts for about 4.9% of Trace Wealth Advisors LLC's holdings, making the stock its 6th largest position.

Several other hedge funds have also modified their holdings of the stock. Cladis Investment Advisory LLC lifted its position in Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after acquiring an additional 236 shares during the last quarter. FAS Wealth Partners Inc. increased its position in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after purchasing an additional 549 shares during the period. Berkshire Asset Management LLC PA raised its stake in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after buying an additional 2,179 shares in the last quarter. Strategic Advisors LLC boosted its stake in shares of Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after buying an additional 1,818 shares in the last quarter. Finally, Richard C. Young & CO. LTD. grew its holdings in Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after acquiring an additional 2,568 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This represents a 61.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,520 shares of company stock valued at $10,999,268 in the last ninety days. Company insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 0.5%

Shares of NYSE:PG traded up $0.89 during midday trading on Friday, reaching $165.92. The company's stock had a trading volume of 2,324,362 shares, compared to its average volume of 7,239,905. The business has a 50 day moving average price of $164.22 and a 200 day moving average price of $167.29. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The firm has a market cap of $389.00 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the company posted $1.52 EPS. The company's quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts forecast that The 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 paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. Redburn Atlantic downgraded 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. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $178.52.

Procter & Gamble 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.