Keynote Financial Services LLC Buys Shares of 13,870 The Procter & Gamble Company (NYSE:PG)

Keynote Financial Services LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,870 shares of the company’s stock, valued at approximately $2,250,000. Procter & Gamble makes up approximately 1.9% of Keynote Financial Services LLC’s holdings, making the stock its 7th largest holding.

A number of other hedge funds have also modified their holdings of PG. apricus wealth LLC boosted its holdings in shares of Procter & Gamble by 2.8% in the 4th quarter. apricus wealth LLC now owns 2,693 shares of the company’s stock valued at $395,000 after purchasing an additional 73 shares during the last quarter. Parsons Capital Management Inc. RI increased its stake in Procter & Gamble by 2.3% during the 4th quarter. Parsons Capital Management Inc. RI now owns 100,759 shares of the company’s stock worth $14,765,000 after buying an additional 2,306 shares during the period. Essex Savings Bank increased its stake in Procter & Gamble by 5.0% during the 4th quarter. Essex Savings Bank now owns 29,813 shares of the company’s stock worth $4,369,000 after buying an additional 1,430 shares during the period. Iron Horse Wealth Management LLC increased its stake in Procter & Gamble by 23.3% during the 4th quarter. Iron Horse Wealth Management LLC now owns 1,275 shares of the company’s stock worth $187,000 after buying an additional 241 shares during the period. Finally, Wolf Group Capital Advisors increased its stake in Procter & Gamble by 5.7% during the 4th quarter. Wolf Group Capital Advisors now owns 10,289 shares of the company’s stock worth $1,561,000 after buying an additional 552 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were 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 in the company, valued at approximately $3,179,061.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were 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 in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The disclosure for this sale can be found here. Insiders sold a total of 94,320 shares of company stock valued at $15,646,323 over the last ninety days. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. TD Cowen initiated coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Citigroup lifted their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.95.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $4.39 on Friday, hitting $170.08. The company had a trading volume of 11,899,038 shares, compared to its average volume of 6,952,473. The business has a 50-day simple moving average of $166.28 and a 200-day simple moving average of $162.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.73 and a quick ratio of 0.48. The company has a market cap of $401.41 billion, a PE ratio of 27.79, a PEG ratio of 3.60 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $170.92.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.33%. The business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same period last year, the firm posted $1.37 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Research analysts expect that The Procter & Gamble Company will post 6.96 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

About Procter & Gamble

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.