KLCM Advisors Inc. Sells 218 Shares of The Procter & Gamble Company (NYSE:PG)

KLCM Advisors Inc. trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,644 shares of the company’s stock after selling 218 shares during the period. KLCM Advisors Inc.’s holdings in Procter & Gamble were worth $1,413,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC raised its holdings 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 buying an additional 38,495,676 shares during the period. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $3,752,321,000. Morgan Stanley raised 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 during the period. Barclays PLC raised its holdings in shares of Procter & Gamble by 118.1% in the second quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock worth $961,170,000 after buying an additional 3,429,929 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after buying an additional 3,159,796 shares during the period. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Royal Bank of Canada raised their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $168.53.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 0.3 %

Shares of Procter & Gamble stock traded up $0.50 during trading on Wednesday, reaching $155.95. The company’s stock had a trading volume of 6,103,296 shares, compared to its average volume of 6,114,070. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The company has a market cap of $366.95 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.18 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 50-day simple moving average of $159.20 and a two-hundred day simple moving average of $152.77.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is presently 62.98%.

Procter & Gamble Profile

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.