ARS Wealth Advisors Group LLC Purchases 1,204 Shares of The Procter & Gamble Company (NYSE:PG)

ARS Wealth Advisors Group LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,063 shares of the company’s stock after buying an additional 1,204 shares during the quarter. Procter & Gamble makes up about 2.6% of ARS Wealth Advisors Group LLC’s holdings, making the stock its 12th biggest holding. ARS Wealth Advisors Group LLC’s holdings in Procter & Gamble were worth $19,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advantage Trust Co purchased a new stake in shares of Procter & Gamble in the 4th quarter worth about $28,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth about $29,000. Ruedi Wealth Management Inc. grew its position in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth about $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth about $33,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total value of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. The disclosure for this sale can be found here. Insiders sold 116,313 shares of company stock worth $19,703,643 over the last three months. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 0.0 %

Shares of NYSE:PG traded down $0.03 on Friday, hitting $167.89. 5,640,925 shares of the company’s stock were exchanged, compared to its average volume of 6,674,588. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $171.72. The stock has a market capitalization of $396.24 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.70 and a beta of 0.41. The business’s 50 day simple moving average is $166.99 and its two-hundred day simple moving average is $163.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Argus increased their price objective 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. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

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.