Paces Ferry Wealth Advisors LLC Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

Paces Ferry Wealth Advisors LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 18.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,391 shares of the company’s stock after purchasing an additional 367 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Procter & Gamble were worth $394,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PG. Gilbert & Cook Inc. grew its stake in shares of Procter & Gamble by 7.7% in the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock worth $2,523,000 after acquiring an additional 1,237 shares during the period. Gryphon Financial Partners LLC grew its position in Procter & Gamble by 8.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after purchasing an additional 6,390 shares during the period. Hanlon Investment Management Inc. purchased a new stake in Procter & Gamble during the 4th quarter valued at $265,000. Sand Hill Global Advisors LLC lifted its holdings in shares of Procter & Gamble by 1.2% during the 4th quarter. Sand Hill Global Advisors LLC now owns 56,124 shares of the company’s stock valued at $8,224,000 after buying an additional 672 shares during the period. Finally, Union Savings Bank boosted its stake in shares of Procter & Gamble by 2.6% in the 4th quarter. Union Savings Bank now owns 14,037 shares of the company’s stock worth $2,057,000 after buying an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PG shares. Evercore ISI upped their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Barclays lowered their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. BNP Paribas started coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target on the stock. Finally, DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.79.

Insider Transactions at Procter & Gamble

In related news, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at approximately $44,508,763.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares in the company, valued at approximately $44,508,763.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at $2,332,570. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock worth $63,829,141 in the last three months. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 1.1 %

Shares of PG stock opened at $173.91 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $410.45 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $177.94. The stock’s 50-day moving average price is $169.94 and its 200-day moving average price is $165.55.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. Equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. Procter & Gamble’s payout ratio is currently 65.85%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.