Keystone Financial Planning Inc. Buys 2,392 Shares of Procter & Gamble Co (PG)

Keystone Financial Planning Inc. grew its stake in shares of Procter & Gamble Co (NYSE:PG) by 3.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 81,480 shares of the company’s stock after acquiring an additional 2,392 shares during the quarter. Procter & Gamble accounts for 3.5% of Keystone Financial Planning Inc.’s portfolio, making the stock its 12th largest position. Keystone Financial Planning Inc.’s holdings in Procter & Gamble were worth $6,360,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. TradeLink Capital LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth $242,000. One Capital Management LLC boosted its holdings in shares of Procter & Gamble by 6.8% during the second quarter. One Capital Management LLC now owns 36,211 shares of the company’s stock worth $2,827,000 after purchasing an additional 2,293 shares during the last quarter. Capital Advisors Inc. OK boosted its holdings in shares of Procter & Gamble by 29.2% during the second quarter. Capital Advisors Inc. OK now owns 248,397 shares of the company’s stock worth $19,390,000 after purchasing an additional 56,174 shares during the last quarter. Quadrant Private Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 33.3% during the second quarter. Quadrant Private Wealth Management LLC now owns 5,657 shares of the company’s stock worth $442,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Boston Common Asset Management LLC boosted its holdings in shares of Procter & Gamble by 10.6% during the second quarter. Boston Common Asset Management LLC now owns 22,518 shares of the company’s stock worth $1,758,000 after purchasing an additional 2,158 shares during the last quarter. 58.54% of the stock is owned by institutional investors.

Shares of Procter & Gamble stock opened at $91.36 on Friday. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $93.14. The firm has a market capitalization of $230.70 billion, a P/E ratio of 21.65, a PEG ratio of 3.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Procter & Gamble Co will post 4.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be given a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

In other Procter & Gamble news, insider Deborah P. Majoras sold 1,980 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $81.35, for a total value of $161,073.00. Following the transaction, the insider now directly owns 50,074 shares of the company’s stock, valued at $4,073,519.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $233,718.55. Following the completion of the transaction, the insider now directly owns 113,638 shares in the company, valued at $9,244,451.30. The disclosure for this sale can be found here. Insiders sold 73,477 shares of company stock worth $6,125,522 over the last three months. 1.84% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. TD Securities restated a “hold” rating and set a $2.25 price objective on shares of Procter & Gamble in a report on Thursday. Stifel Nicolaus restated a “hold” rating and set a $87.00 price objective on shares of Procter & Gamble in a report on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 target price on Procter & Gamble and gave the company a “hold” rating in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $83.48.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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