Raymond James & Associates Has $571.62 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Raymond James & Associates raised its position in The Procter & Gamble Company (NYSE:PG) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,466,016 shares of the company’s stock after purchasing an additional 326,928 shares during the quarter. Raymond James & Associates’ holdings in Procter & Gamble were worth $571,615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Advantage Trust Co bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Ruedi Wealth Management Inc. grew its stake in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth $33,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 3,373 shares of the 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 of the company’s stock, valued at approximately $3,657,210. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,313 shares of company stock worth $19,703,643. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.0 %

Shares of NYSE PG traded down $0.03 during midday trading on Friday, hitting $167.89. 5,640,925 shares of the stock traded hands, compared to its average volume of 7,681,546. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $171.72. The business has a 50 day moving average price of $166.99 and a two-hundred day moving average price of $163.26. The company has a market cap of $396.24 billion, a PE ratio of 27.43, a P/E/G ratio of 3.66 and a beta of 0.41.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price target for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Barclays reduced their target price on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average 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.