Investment Advisory Group LLC Sells 572 Shares of The Procter & Gamble Company (NYSE:PG)

Investment Advisory Group LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,526 shares of the company’s stock after selling 572 shares during the quarter. Procter & Gamble accounts for about 1.2% of Investment Advisory Group LLC’s holdings, making the stock its 21st largest holding. Investment Advisory Group LLC’s holdings in Procter & Gamble were worth $3,498,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PG. Brighton Jones LLC grew its holdings in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Procter & Gamble in the 4th quarter worth $50,049,000. Apollon Wealth Management LLC increased its position in shares of Procter & Gamble by 15.8% in the fourth quarter. Apollon Wealth Management LLC now owns 98,877 shares of the company’s stock valued at $16,577,000 after acquiring an additional 13,478 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Procter & Gamble by 1.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 80,492 shares of the company’s stock valued at $13,494,000 after acquiring an additional 1,434 shares during the last quarter. Finally, D Orazio & Associates Inc. boosted its holdings in shares of Procter & Gamble by 2.0% during the fourth quarter. D Orazio & Associates Inc. now owns 6,269 shares of the company’s stock worth $1,051,000 after purchasing an additional 122 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the 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 approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Procter & Gamble Trading Up 0.7%

Shares of NYSE PG opened at $164.01 on Monday. The firm’s 50 day moving average price is $164.01 and its 200-day moving average price is $167.21. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market cap of $384.53 billion, a PE ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.58%. Procter & Gamble’s payout ratio is 66.98%.

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.