Procter & Gamble Co (NYSE:PG) Stake Lowered by Keeler Thomas Management LLC

Keeler Thomas Management LLC reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,146 shares of the company’s stock after selling 950 shares during the period. Procter & Gamble makes up about 3.8% of Keeler Thomas Management LLC’s holdings, making the stock its 4th largest position. Keeler Thomas Management LLC’s holdings in Procter & Gamble were worth $4,993,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Krane Funds Advisors LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth $25,000. Camarda Financial Advisors LLC raised its stake in Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Lucia Wealth Services LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at about $29,000. Selective Wealth Management Inc. acquired a new position in Procter & Gamble in the 3rd quarter valued at about $35,000. Finally, Dougherty Wealth Advisers LLC raised its stake in Procter & Gamble by 250.0% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 65.62% of the company’s stock.

In other Procter & Gamble news, insider Marc S. Pritchard sold 26,075 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the transaction, the insider now owns 139,066 shares in the company, valued at approximately $17,377,687.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Valarie L. Sheppard sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $119.80, for a total value of $207,134.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,645,966 shares of company stock valued at $202,229,770. 1.75% of the stock is owned by company insiders.

PG has been the subject of several analyst reports. ValuEngine downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Macquarie boosted their target price on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their target price on shares of Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group reissued a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. Finally, Credit Suisse Group boosted their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $115.00.

Shares of NYSE:PG traded down $0.07 during trading on Friday, reaching $119.55. 2,821,572 shares of the stock were exchanged, compared to its average volume of 7,326,030. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. Procter & Gamble Co has a 12-month low of $86.74 and a 12-month high of $125.77. The firm has a market cap of $296.51 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.23 and a beta of 0.42. The firm’s 50-day moving average price is $122.00 and its 200 day moving average price is $114.95.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that Procter & Gamble Co will post 4.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is presently 65.93%.

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.

Further Reading: Capital Gains Distribution

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

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