KFG Wealth Management LLC Sells 679 Shares of The Procter & Gamble Company (NYSE:PG)

KFG Wealth Management LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,112 shares of the company’s stock after selling 679 shares during the quarter. KFG Wealth Management LLC’s holdings in Procter & Gamble were worth $896,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Schear Investment Advisers LLC lifted its position in shares of Procter & Gamble by 1.4% during the 4th quarter. Schear Investment Advisers LLC now owns 4,933 shares of the company’s stock valued at $723,000 after buying an additional 67 shares during the last quarter. Zhang Financial LLC raised its holdings in shares of Procter & Gamble by 2.4% in the 4th quarter. Zhang Financial LLC now owns 24,126 shares of the company’s stock valued at $3,535,000 after acquiring an additional 563 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of Procter & Gamble by 1.6% in the 4th quarter. Beaumont Financial Advisors LLC now owns 19,503 shares of the company’s stock valued at $2,858,000 after acquiring an additional 303 shares in the last quarter. Wheelhouse Advisory Group LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at about $766,000. Finally, Davidson Trust Co. raised its holdings in shares of Procter & Gamble by 1.9% in the 4th quarter. Davidson Trust Co. now owns 20,252 shares of the company’s stock valued at $2,968,000 after acquiring an additional 376 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

NYSE:PG traded up $0.85 during trading hours on Friday, reaching $158.14. 12,028,308 shares of the company traded hands, compared to its average volume of 6,932,996. The business’s 50-day moving average price is $159.13 and its two-hundred day moving average price is $152.83. The stock has a market capitalization of $372.11 billion, a P/E ratio of 26.31, a P/E/G ratio of 3.21 and a beta of 0.44. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.55%. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.34%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction 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 owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction 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 of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PG shares. Deutsche Bank Aktiengesellschaft increased their price objective on Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Stifel Nicolaus raised their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.