AA Financial Advisors LLC Invests $1.08 Million in The Procter & Gamble Company (NYSE:PG)

AA Financial Advisors LLC bought a new position in The Procter & Gamble Company (NYSE:PG) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,648 shares of the company’s stock, valued at approximately $1,079,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Norges Bank purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $3,956,117,000. Cerity Partners LLC increased its holdings in shares of Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after purchasing an additional 3,159,796 shares during the period. Wellington Management Group LLP increased its holdings in shares of Procter & Gamble by 9.4% in the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Procter & Gamble by 13,850.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock worth $402,601,000 after purchasing an additional 2,727,685 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Procter & Gamble by 235.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock worth $473,475,000 after purchasing an additional 2,268,805 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PG. Barclays increased their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Argus upped 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 upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Finally, BNP Paribas initiated coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction that occurred on 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 owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on 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 transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock valued at $25,413,051. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

Shares of PG traded up $0.70 on Wednesday, hitting $166.36. 1,403,131 shares of the stock traded hands, compared to its average volume of 6,500,436. The company has a market capitalization of $392.63 billion, a PE ratio of 27.13, a P/E/G ratio of 3.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The business has a 50 day simple moving average of $165.97 and a 200 day simple moving average of $159.85. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 EPS 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 business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm’s revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

About Procter & Gamble

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.