Kovack Advisors Inc. Has $3.01 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Kovack Advisors Inc. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 13.2% during the third quarter, Holdings Channel.com reports. The firm owned 17,348 shares of the company’s stock after selling 2,641 shares during the quarter. Kovack Advisors Inc.’s holdings in Procter & Gamble were worth $3,005,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PG. MQS Management LLC bought a new stake in Procter & Gamble in the third quarter valued at approximately $1,225,000. Simmons Bank lifted its position in shares of Procter & Gamble by 1.1% in the 3rd quarter. Simmons Bank now owns 58,772 shares of the company’s stock worth $10,179,000 after purchasing an additional 623 shares during the period. Empower Advisory Group LLC boosted its stake in shares of Procter & Gamble by 2.1% in the 3rd quarter. Empower Advisory Group LLC now owns 1,126,243 shares of the company’s stock valued at $195,065,000 after purchasing an additional 23,540 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Procter & Gamble by 29.7% during the third quarter. Aptus Capital Advisors LLC now owns 179,970 shares of the company’s stock worth $31,171,000 after buying an additional 41,247 shares during the period. Finally, Commonwealth Retirement Investments LLC raised its stake in Procter & Gamble by 1.1% during the third quarter. Commonwealth Retirement Investments LLC now owns 28,669 shares of the company’s stock worth $4,965,000 after buying an additional 323 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. raised their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $177.00.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the completion of the sale, the chief executive officer now owns 300,777 shares in the company, valued at approximately $50,897,483.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,597 shares of company stock valued at $53,268,499 over the last three months. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG traded up $0.01 during trading hours on Wednesday, reaching $165.85. 785,990 shares of the stock traded hands, compared to its average volume of 6,637,512. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The stock has a 50 day simple moving average of $170.79 and a two-hundred day simple moving average of $168.29. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The company has a market cap of $390.58 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 3.59 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the previous year, the company posted $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.48%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.