Key Financial Inc Sells 68 Shares of The Procter & Gamble Company (NYSE:PG)

Key Financial Inc trimmed its position in The Procter & Gamble Company (NYSE:PG) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,031 shares of the company’s stock after selling 68 shares during the quarter. Procter & Gamble accounts for 0.8% of Key Financial Inc’s holdings, making the stock its 25th largest holding. Key Financial Inc’s holdings in Procter & Gamble were worth $3,082,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Oakworth Capital Inc. grew its stake in shares of Procter & Gamble by 17.2% during the 4th quarter. Oakworth Capital Inc. now owns 15,865 shares of the company’s stock worth $2,325,000 after purchasing an additional 2,323 shares during the period. Archer Investment Corp raised its position in Procter & Gamble by 14.6% in the fourth quarter. Archer Investment Corp now owns 8,035 shares of the company’s stock valued at $1,177,000 after purchasing an additional 1,022 shares during the period. Telos Capital Management Inc. grew its position in shares of Procter & Gamble by 12.6% during the 4th quarter. Telos Capital Management Inc. now owns 112,917 shares of the company’s stock valued at $16,547,000 after buying an additional 12,622 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $437,000. Finally, Prosperity Wealth Management Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $2,168,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.6 %

Shares of NYSE PG traded up $1.01 during midday trading on Wednesday, hitting $156.96. The company’s stock had a trading volume of 6,500,779 shares, compared to its average volume of 6,850,489. The firm has a market capitalization of $369.33 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The business’s fifty day simple moving average is $159.20 and its two-hundred day simple moving average is $152.77.

Procter & Gamble (NYSE:PG) last released its earnings results 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. The business had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. On average, equities analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction that occurred on 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 directly owns 973 shares in the company, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock valued at $43,187,745 over the last quarter. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PG. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft upped their price target on Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.53.

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.