KMG Fiduciary Partners LLC Buys 806 Shares of The Procter & Gamble Company (NYSE:PG)

KMG Fiduciary Partners LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,758 shares of the company’s stock after acquiring an additional 806 shares during the period. Procter & Gamble comprises about 1.1% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 18th largest position. KMG Fiduciary Partners LLC’s holdings in Procter & Gamble were worth $13,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PG. NewSquare Capital LLC increased its stake in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $31,000. Hoey Investments Inc. increased its stake in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $34,000. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $164.01 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The stock has a market cap of $384.53 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The stock’s 50-day moving average price is $164.01 and its two-hundred day moving average price is $167.25.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter last year, the business earned $1.52 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.58%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Evercore ISI reiterated an “outperform” rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Finally, Bank of America lowered their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.