Stokes Family Office LLC Has $4.36 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Stokes Family Office LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 26,845 shares of the company’s stock after selling 269 shares during the period. Stokes Family Office LLC’s holdings in Procter & Gamble were worth $4,356,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PG. Advantage Trust Co acquired a new position in Procter & Gamble in the 4th quarter valued at $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in Procter & Gamble during the fourth quarter worth about $31,000. Ruedi Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. Finally, Criterion Capital Advisors LLC bought a new position in Procter & Gamble in the fourth quarter valued at approximately $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.7 %

Shares of NYSE:PG traded up $1.10 during mid-day trading on Friday, hitting $166.64. The company had a trading volume of 4,682,410 shares, compared to its average volume of 6,509,070. The company has a market capitalization of $393.29 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 3.19 and a beta of 0.41. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The firm has a fifty day moving average price of $166.07 and a 200 day moving average price of $159.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $20.43 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio is 65.85%.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. BNP Paribas assumed coverage on Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target on the stock. Argus boosted their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Finally, Citigroup upped their price objective on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.74.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO R. Alexandra Keith sold 855 shares of the business’s 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 transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by company insiders.

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.