Keystone Financial Planning Inc. Grows Position in The Procter & Gamble Company (NYSE:PG)

Keystone Financial Planning Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,860 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Keystone Financial Planning Inc.’s holdings in Procter & Gamble were worth $1,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 1.4% in the first quarter. BlackRock Inc. now owns 161,843,254 shares of the company’s stock worth $24,064,473,000 after buying an additional 2,157,319 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Procter & Gamble by 1.1% in the first quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after buying an additional 510,559 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after buying an additional 4,959,527 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Procter & Gamble by 1.6% in the first quarter. Wellington Management Group LLP now owns 33,776,598 shares of the company’s stock worth $5,022,242,000 after purchasing an additional 547,738 shares during the last quarter. 63.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Bank of America upped their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a research report on Monday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Procter & Gamble from $164.00 to $172.00 in a research report on Friday, July 28th. Morgan Stanley reiterated an “overweight” rating and set a $174.00 price target on shares of Procter & Gamble in a research report on Tuesday, August 1st. Finally, William Blair began coverage on shares of Procter & Gamble in a research report on Friday, September 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.82.

Insider Buying and Selling

In related news, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the sale, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the completion of the sale, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO R. Alexandra Keith sold 781 shares of Procter & Gamble stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $152.82, for a total value of $119,352.42. Following the completion of the sale, the chief executive officer now owns 6,310 shares of the company’s stock, valued at $964,294.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

PG opened at $154.05 on Tuesday. The stock has a 50-day moving average price of $153.35 and a 200-day moving average price of $150.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.44. The firm has a market cap of $363.14 billion, a PE ratio of 26.11, a P/E/G ratio of 3.50 and a beta of 0.42. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $158.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $20.60 billion during the quarter, compared to analyst estimates of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. Procter & Gamble’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.76 annualized dividend and a yield of 2.44%. Procter & Gamble’s payout ratio is 63.73%.

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.