Kovack Advisors Inc. Has $3.28 Million Stake in The Procter & Gamble Company (NYSE:PG)

Kovack Advisors Inc. boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 21.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 20,215 shares of the company’s stock after buying an additional 3,542 shares during the quarter. Kovack Advisors Inc.’s holdings in Procter & Gamble were worth $3,280,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advantage Trust Co acquired a new stake in Procter & Gamble during the 4th quarter worth about $28,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble during the 4th quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $33,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.0 %

PG opened at $163.83 on Friday. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41. The company has a fifty day moving average price of $165.72 and a 200-day moving average price of $159.19. 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 firm has a market capitalization of $386.66 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $20.43 billion. During the same period last year, the firm posted $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

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 that occurred 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 completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PG shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Barclays boosted their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. BNP Paribas started coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Finally, StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $170.72.

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.