PFW Advisors LLC Decreases Holdings in The Procter & Gamble Company (NYSE:PG)

PFW Advisors LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,618 shares of the company’s stock after selling 223 shares during the period. Procter & Gamble accounts for 0.8% of PFW Advisors LLC’s holdings, making the stock its 26th biggest position. PFW Advisors LLC’s holdings in Procter & Gamble were worth $2,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Central Bank & Trust Co. raised its holdings in shares of Procter & Gamble by 3.1% during the first quarter. Central Bank & Trust Co. now owns 13,335 shares of the company’s stock worth $2,273,000 after purchasing an additional 400 shares during the last quarter. Meridian Financial Partners LLC raised its holdings in shares of Procter & Gamble by 1.2% during the first quarter. Meridian Financial Partners LLC now owns 12,747 shares of the company’s stock worth $2,172,000 after purchasing an additional 151 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Procter & Gamble by 2.9% during the first quarter. Wedge Capital Management L L P NC now owns 4,138 shares of the company’s stock worth $705,000 after purchasing an additional 116 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Procter & Gamble by 4.2% during the first quarter. Park Avenue Securities LLC now owns 89,774 shares of the company’s stock worth $15,299,000 after purchasing an additional 3,620 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Procter & Gamble by 6.7% during the first quarter. OLD National Bancorp IN now owns 58,136 shares of the company’s stock worth $9,908,000 after purchasing an additional 3,634 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.7%

Shares of NYSE PG opened at $164.01 on Monday. The company’s 50-day simple moving average is $164.01 and its 200-day simple moving average is $167.21. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The firm has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. 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) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. Equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is currently 66.98%.

Insider Transactions at Procter & Gamble

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 shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 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 own 0.18% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Evercore ISI restated an “outperform” rating and set a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Eight 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

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.