Wealth Enhancement Advisory Services LLC Has $263.78 Million Position in Procter & Gamble Company (The) (NYSE:PG)

Wealth Enhancement Advisory Services LLC lessened its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,547,786 shares of the company's stock after selling 124,097 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Procter & Gamble worth $263,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Cladis Investment Advisory LLC grew its position in shares of 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 purchasing an additional 236 shares during the last quarter. FAS Wealth Partners Inc. grew its holdings in Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after buying an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA increased its position in Procter & Gamble by 0.9% in 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 during the period. Natural Investments LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $2,121,000. Finally, O Brien Greene & Co. Inc grew its stake in shares of Procter & Gamble by 5.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 3,085 shares of the company's stock worth $517,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated 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 now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $157.86 on Thursday. 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 firm's fifty day simple moving average is $163.63 and its 200 day simple moving average is $166.40. The stock has a market cap of $370.11 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 4.67 and a beta of 0.43. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43.

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, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion during 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%. The business's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. As a group, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.68%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio is 67.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Evercore ISI reissued an "outperform" rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued 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 $178.86.

About Procter & Gamble

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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