Sontag Advisory LLC Purchases 42,165 Shares of Procter & Gamble Co (NYSE:PG)

Sontag Advisory LLC lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 345.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,382 shares of the company’s stock after purchasing an additional 42,165 shares during the quarter. Sontag Advisory LLC’s holdings in Procter & Gamble were worth $5,982,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. ICW Investment Advisors LLC raised its stake in shares of Procter & Gamble by 1.4% during the 1st quarter. ICW Investment Advisors LLC now owns 12,626 shares of the company’s stock valued at $1,389,000 after purchasing an additional 179 shares during the period. Van ECK Associates Corp raised its stake in shares of Procter & Gamble by 4.8% during the 1st quarter. Van ECK Associates Corp now owns 145,887 shares of the company’s stock valued at $16,048,000 after purchasing an additional 6,725 shares during the period. Oxford Financial Group Ltd. bought a new stake in shares of Procter & Gamble during the 1st quarter valued at $1,606,000. Thomas White International Ltd. bought a new position in Procter & Gamble in the 1st quarter worth about $396,000. Finally, Vident Investment Advisory LLC increased its stake in Procter & Gamble by 107.1% in the 1st quarter. Vident Investment Advisory LLC now owns 28,614 shares of the company’s stock worth $3,147,000 after acquiring an additional 14,800 shares during the last quarter. Institutional investors own 63.44% of the company’s stock.

In other news, CEO David S. Taylor sold 30,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $115.47, for a total value of $3,464,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nelson Peltz sold 404,714 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $113.01, for a total value of $45,736,729.14. Following the completion of the transaction, the director now directly owns 3,891 shares of the company’s stock, valued at approximately $439,721.91. The disclosure for this sale can be found here. Insiders sold a total of 8,963,114 shares of company stock valued at $1,067,197,986 in the last three months. Corporate insiders own 1.75% of the company’s stock.

A number of equities analysts have weighed in on PG shares. Bank of America restated a “buy” rating and issued a $135.00 target price on shares of Procter & Gamble in a research note on Saturday, April 18th. Argus upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, March 26th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and dropped their target price for the company from $130.00 to $128.00 in a report on Monday, March 30th. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Finally, Stifel Nicolaus increased their target price on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a report on Monday, April 20th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Procter & Gamble presently has a consensus rating of “Buy” and a consensus price target of $130.31.

NYSE PG traded up $1.21 on Monday, hitting $117.13. The company’s stock had a trading volume of 177,287 shares, compared to its average volume of 7,504,056. Procter & Gamble Co has a 52-week low of $94.34 and a 52-week high of $128.09. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $116.38 and its 200 day simple moving average is $119.91. The firm has a market cap of $286.13 billion, a P/E ratio of 65.30, a PEG ratio of 3.26 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The business had revenue of $17.21 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter last year, the business posted $1.06 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, research analysts forecast that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a $0.7907 dividend. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.16 annualized dividend and a dividend yield of 2.70%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio is currently 69.91%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: Stop Order Uses For Individual Investors

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.