Keynote Financial Services LLC Sells 190 Shares of The Procter & Gamble Company (NYSE:PG)

Keynote Financial Services LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,666 shares of the company’s stock after selling 190 shares during the period. Procter & Gamble comprises 1.8% of Keynote Financial Services LLC’s investment portfolio, making the stock its 9th biggest holding. Keynote Financial Services LLC’s holdings in Procter & Gamble were worth $2,367,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the second quarter worth about $28,000. Fairway Wealth LLC acquired a new position in shares of Procter & Gamble in the second quarter valued at approximately $29,000. Ruedi Wealth Management Inc. increased its stake in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at approximately $34,000. Finally, Quest Partners LLC acquired a new position in shares of Procter & Gamble in the second quarter worth $36,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on PG shares. JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. TD Cowen began coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price on the stock. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $177.00.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the transaction, the chief executive officer now directly owns 300,777 shares of the company’s stock, valued at approximately $50,897,483.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,597 shares of company stock worth $53,268,499 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $163.41 on Friday. The firm’s fifty day simple moving average is $171.29 and its 200-day simple moving average is $168.13. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The stock has a market capitalization of $384.84 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s payout ratio is currently 69.48%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.