PKS Advisory Services LLC Invests $294,000 in The Procter & Gamble Company (NYSE:PG)

PKS Advisory Services LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,755 shares of the company's stock, valued at approximately $294,000.

Other hedge funds have also added to or reduced their stakes in the company. Syverson Strege & Co raised its position in Procter & Gamble by 19.5% in the 4th quarter. Syverson Strege & Co now owns 1,688 shares of the company's stock worth $283,000 after buying an additional 276 shares during the last quarter. Heritage Wealth Management Inc. CA raised its position in Procter & Gamble by 148.0% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 1,602 shares of the company's stock worth $269,000 after acquiring an additional 956 shares during the period. Zions Bancorporation N.A. boosted its stake in shares of Procter & Gamble by 40.9% during the 4th quarter. Zions Bancorporation N.A. now owns 7,006 shares of the company's stock worth $1,175,000 after acquiring an additional 2,035 shares during the last quarter. TIAA Trust National Association grew its position in shares of Procter & Gamble by 1.5% during the 4th quarter. TIAA Trust National Association now owns 331,846 shares of the company's stock valued at $55,634,000 after acquiring an additional 4,889 shares during the period. Finally, Prospect Financial Group LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth $271,000. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PG shares. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. DA Davidson reissued a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.82.

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Procter & Gamble Price Performance

Shares of PG stock traded down $0.71 during trading hours on Friday, hitting $168.00. 2,837,852 shares of the company's stock were exchanged, compared to its average volume of 7,696,184. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock's 50-day moving average is $168.47 and its 200-day moving average is $169.46. The stock has a market cap of $393.93 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.01%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Company 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.