Procyon Advisors LLC Buys 1,093 Shares of The Procter & Gamble Company (NYSE:PG)

Procyon Advisors LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,148 shares of the company’s stock after acquiring an additional 1,093 shares during the quarter. Procter & Gamble comprises about 0.8% of Procyon Advisors LLC’s portfolio, making the stock its 22nd largest holding. Procyon Advisors LLC’s holdings in Procter & Gamble were worth $10,408,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advantage Trust Co purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $28,000. Wyrmwood Management LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $29,000. Naples Money Management LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $33,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG traded down $0.83 on Thursday, hitting $166.62. The company had a trading volume of 4,974,384 shares, compared to its average volume of 6,575,229. The company has a market capitalization of $393.25 billion, a PE ratio of 27.31, a PEG ratio of 3.39 and a beta of 0.42. The company’s fifty day moving average price is $165.28 and its 200-day moving average price is $158.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $169.41.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 65.85%.

Insider Activity

In other news, CEO R. Alexandra Keith sold 855 shares of the 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 sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 over the last three months. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PG shares. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday. BNP Paribas started coverage on shares of Procter & Gamble in a report on Monday. They issued an “outperform” rating and a $187.00 price target on the stock. Barclays lifted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Company 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.