Keystone Wealth Services LLC Lowers Holdings in The Procter & Gamble Company (NYSE:PG)

Keystone Wealth Services LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,315 shares of the company’s stock after selling 288 shares during the quarter. Keystone Wealth Services LLC’s holdings in Procter & Gamble were worth $339,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wyrmwood Management LLC purchased a new position in Procter & Gamble in the 4th quarter worth about $29,000. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble in the 2nd quarter worth about $50,000. CGC Financial Services LLC purchased a new position in Procter & Gamble in the 2nd quarter worth about $55,000. VitalStone Financial LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $60,000. Finally, RVW Wealth LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $149,160.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following 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 90 days, insiders have sold 279,063 shares of company stock worth $43,187,745. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Raymond James boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group began coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Wells Fargo & Company boosted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, Barclays boosted their price objective on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $168.41.

Procter & Gamble Stock Up 0.2 %

Shares of PG opened at $160.53 on Wednesday. The stock has a market capitalization of $377.73 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $162.73. The business’s 50 day simple moving average is $157.95 and its 200-day simple moving average is $152.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. During the same period in the prior year, the firm earned $1.59 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were issued a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.34%. Procter & Gamble’s payout ratio is presently 62.98%.

Procter & Gamble Company 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.