Arkadios Wealth Advisors Has $9.82 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Arkadios Wealth Advisors raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 24.7% in the 1st quarter, Holdings Channel reports. The firm owned 57,636 shares of the company’s stock after purchasing an additional 11,426 shares during the quarter. Arkadios Wealth Advisors’ holdings in Procter & Gamble were worth $9,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cladis Investment Advisory LLC increased its position in Procter & Gamble by 5.2% during the 4th 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 period. FAS Wealth Partners Inc. boosted its stake in shares of 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 purchasing an additional 549 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after buying an additional 4,562 shares during the period. World Investment Advisors raised its stake in Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after buying an additional 2,886 shares during the last quarter. Finally, Yoffe Investment Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at $1,874,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.3%

PG opened at $156.70 on Wednesday. Procter & Gamble Company has a fifty-two week low of $151.90 and a fifty-two week high of $180.43. The firm has a market capitalization of $367.38 billion, a PE ratio of 24.87, a P/E/G ratio of 4.48 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The company’s 50-day moving average is $160.68 and its 200 day moving average is $164.19.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 earnings per share. As a group, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio is 67.14%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. UBS Group decreased their price target on Procter & Gamble from $186.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Barclays raised their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Finally, Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $176.12.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

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.