Icon Wealth Advisors LLC Has $4.64 Million Stake in The Procter & Gamble Company (NYSE:PG)

Icon Wealth Advisors LLC cut its holdings in The Procter & Gamble Company (NYSE:PG) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,618 shares of the company’s stock after selling 2,097 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Procter & Gamble were worth $4,643,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. HighPoint Advisor Group LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $17,696,000. Campbell Wealth Management raised its stake in shares of Procter & Gamble by 13.1% during the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after purchasing an additional 231 shares in the last quarter. Herold Advisors Inc. grew its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after buying an additional 581 shares in the last quarter. V Square Quantitative Management LLC raised its position in Procter & Gamble by 29.0% during the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock worth $7,010,000 after acquiring an additional 9,716 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in Procter & Gamble by 15.7% in the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after acquiring an additional 15,599 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble 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 in the company, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s 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 sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the transaction, the chief executive officer now owns 36,854 shares of the company’s stock, valued at $6,080,172.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,320 shares of company stock worth $15,646,323. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

PG stock traded down $8.27 during midday trading on Tuesday, reaching $161.66. The company had a trading volume of 15,745,427 shares, compared to its average volume of 6,558,331. The company has a market capitalization of $381.54 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41. 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 1-year low of $141.45 and a 1-year high of $170.92. The stock has a 50 day moving average price of $166.32 and a 200-day moving average price of $161.89.

Procter & Gamble Announces Dividend

The company also recently declared 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. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PG shares. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Argus raised their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Procter & Gamble from $170.00 to $181.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Barclays lifted their target price on shares of Procter & Gamble from $170.00 to $174.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, 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 report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.29.

Procter & Gamble 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.