The Procter & Gamble Company (NYSE:PG) Shares Purchased by Hoxton Planning & Management LLC

Hoxton Planning & Management LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 17.3% during the first quarter, HoldingsChannel.com reports. The fund owned 2,201 shares of the company’s stock after buying an additional 325 shares during the period. Hoxton Planning & Management LLC’s holdings in Procter & Gamble were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Demars Financial Group LLC raised its position in Procter & Gamble by 4.4% during the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after acquiring an additional 63 shares in the last quarter. Emerald Advisors LLC raised its position in Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after acquiring an additional 65 shares in the last quarter. O Brien Wealth Partners LLC raised its position in Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after acquiring an additional 65 shares in the last quarter. Mechanics Financial Corp raised its position in Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock valued at $2,372,000 after acquiring an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC raised its position in Procter & Gamble by 2.1% during the fourth quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock valued at $461,000 after acquiring an additional 66 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

PG traded down $1.60 during trading on Tuesday, reaching $166.85. 8,218,983 shares of the company’s stock were exchanged, compared to its average volume of 6,599,255. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $164.85 and a 200 day moving average price of $158.32. The company has a market capitalization of $393.79 billion, a P/E ratio of 27.38, a PEG ratio of 3.42 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.69%.

Insider Activity

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,544 shares of company stock worth $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent research reports. Barclays raised their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Argus lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. BNP Paribas initiated coverage on shares of Procter & Gamble in a research report on Monday. They issued an “outperform” rating and a $187.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.72.

Procter & Gamble Profile

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.