Kovack Advisors Inc. Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

Kovack Advisors Inc. lessened its stake in The Procter & Gamble Company (NYSE:PG) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,673 shares of the company’s stock after selling 1,367 shares during the quarter. Kovack Advisors Inc.’s holdings in Procter & Gamble were worth $2,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Founders Financial Securities LLC boosted its stake in shares of Procter & Gamble by 8.6% during the 3rd quarter. Founders Financial Securities LLC now owns 23,552 shares of the company’s stock valued at $3,435,000 after buying an additional 1,860 shares during the last quarter. Mach 1 Financial Group LLC raised its position in shares of Procter & Gamble by 583.6% during the 3rd quarter. Mach 1 Financial Group LLC now owns 14,061 shares of the company’s stock valued at $2,051,000 after acquiring an additional 12,004 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management raised its position in shares of Procter & Gamble by 3.9% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,676 shares of the company’s stock valued at $390,000 after acquiring an additional 101 shares in the last quarter. Xcel Wealth Management LLC increased its position in Procter & Gamble by 20.0% in the third quarter. Xcel Wealth Management LLC now owns 5,689 shares of the company’s stock worth $830,000 after buying an additional 950 shares during the period. Finally, Atwater Malick LLC increased its position in Procter & Gamble by 0.9% in the third quarter. Atwater Malick LLC now owns 58,765 shares of the company’s stock worth $8,571,000 after buying an additional 542 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG traded down $1.31 during midday trading on Friday, reaching $161.24. The company’s stock had a trading volume of 5,659,643 shares, compared to its average volume of 6,957,020. The stock has a market cap of $380.55 billion, a P/E ratio of 26.35, a PEG ratio of 3.30 and a beta of 0.44. The company has a fifty day simple moving average of $159.64 and a 200 day simple moving average of $153.51. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

PG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Raymond James raised their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Jefferies Financial Group raised their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,865 shares of company stock valued at $16,029,280. 0.17% of the stock is owned by corporate insiders.

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.