The Procter & Gamble Company (NYSE:PG) Shares Bought by Keystone Financial Planning Inc.

Keystone Financial Planning Inc. boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 13.8% in the second quarter, HoldingsChannel.com reports. The fund owned 8,860 shares of the company’s stock after purchasing an additional 1,075 shares during the period. Keystone Financial Planning Inc.’s holdings in Procter & Gamble were worth $1,344,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brandywine Managers LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at about $22,326,000. BSW Wealth Partners raised its position in shares of Procter & Gamble by 0.5% in the first quarter. BSW Wealth Partners now owns 27,813 shares of the company’s stock valued at $4,136,000 after buying an additional 132 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Procter & Gamble by 12.5% in the first quarter. Ballentine Partners LLC now owns 46,655 shares of the company’s stock valued at $6,937,000 after buying an additional 5,202 shares during the last quarter. Advisor Partners II LLC raised its position in shares of Procter & Gamble by 2.7% in the first quarter. Advisor Partners II LLC now owns 114,256 shares of the company’s stock valued at $16,987,000 after buying an additional 3,037 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC lifted its stake in Procter & Gamble by 7.3% in the first quarter. Lineweaver Wealth Advisors LLC now owns 27,831 shares of the company’s stock worth $4,139,000 after acquiring an additional 1,899 shares during the last quarter. 63.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

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

Procter & Gamble Stock Performance

NYSE:PG opened at $154.05 on Tuesday. The firm’s fifty day moving average price is $153.35 and its 200 day moving average price is $150.37. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $158.38. 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 price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $20.60 billion for the quarter, compared to analyst estimates of $20.01 billion. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. Procter & Gamble’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.21 EPS. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PG. Bank of America lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. William Blair initiated coverage on shares of Procter & Gamble in a report on Friday, September 8th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Morgan Stanley reissued an “overweight” rating and set a $174.00 price objective on shares of Procter & Gamble in a report on Tuesday, August 1st. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $164.00 to $172.00 in a report on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $164.82.

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.