Waverly Advisors LLC Purchases 157,013 Shares of The Procter & Gamble Company (NYSE:PG)

Waverly Advisors LLC lifted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 144.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,873 shares of the company's stock after buying an additional 157,013 shares during the quarter. Procter & Gamble comprises 0.7% of Waverly Advisors LLC's portfolio, making the stock its 26th biggest holding. Waverly Advisors LLC's holdings in Procter & Gamble were worth $44,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. NewSquare Capital LLC grew its stake in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $31,000. Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $34,000. Finally, Atlantic Private Wealth LLC increased its position in Procter & Gamble by 95.3% in the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after purchasing an additional 101 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 0.9%

NYSE PG opened at $164.78 on Tuesday. The company's 50-day simple moving average is $164.42 and its two-hundred day simple moving average is $167.31. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a market capitalization of $386.33 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. Equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is presently 66.98%.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This trade represents a 44.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock worth $10,999,268 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent research reports. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Bank of America decreased their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.52.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.