Park Edge Advisors LLC Buys 3,186 Shares of The Procter & Gamble Company (NYSE:PG)

Park Edge Advisors LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,490 shares of the company's stock after purchasing an additional 3,186 shares during the period. Procter & Gamble comprises 0.9% of Park Edge Advisors LLC's portfolio, making the stock its 19th biggest holding. Park Edge Advisors LLC's holdings in Procter & Gamble were worth $3,100,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PG. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble during the third quarter worth $33,000. Costello Asset Management INC grew its holdings in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after acquiring an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. bought a new position in shares of Procter & Gamble in the second quarter worth about $58,000. Mendota Financial Group LLC grew its stake in shares of Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock valued at $63,000 after purchasing an additional 138 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in Procter & Gamble by 138.7% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company's stock worth $69,000 after purchasing an additional 233 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays increased their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $180.53.

Procter & Gamble Stock Performance

Shares of PG traded down $3.31 during mid-day trading on Tuesday, hitting $166.35. 6,113,525 shares of the company's stock were exchanged, compared to its average volume of 7,778,786. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The firm has a market cap of $390.07 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45. The stock's 50-day simple moving average is $168.83 and its 200-day simple moving average is $169.42. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the previous year, the firm earned $1.84 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble's dividend payout ratio is 64.01%.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company's stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock valued at $25,635,076 over the last three months. 0.18% of the stock is 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.