Kiley Juergens Wealth Management LLC Boosts Position in The Procter & Gamble Company (NYSE:PG)

Kiley Juergens Wealth Management LLC boosted its stake in The Procter & Gamble Company (NYSE:PG) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,323 shares of the company’s stock after acquiring an additional 189 shares during the period. Procter & Gamble accounts for approximately 1.0% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Procter & Gamble were worth $2,978,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in 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 bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $3,752,321,000. Morgan Stanley increased its stake in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares in the last quarter. Barclays PLC increased its stake in shares of Procter & Gamble by 118.1% during the second quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock valued at $961,170,000 after purchasing an additional 3,429,929 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Procter & Gamble by 106.2% during the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock valued at $898,943,000 after purchasing an additional 3,159,796 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 target price for the company. Royal Bank of Canada raised their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. UBS Group raised their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.53.

Procter & Gamble Price Performance

NYSE PG traded up $0.50 on Tuesday, reaching $155.95. The company had a trading volume of 6,102,846 shares, compared to its average volume of 6,848,103. 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 stock has a market capitalization of $366.95 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. The firm’s 50 day moving average price is $159.27 and its 200 day moving average price is $152.70. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion for the quarter, compared to the consensus estimate of $21.48 billion. During the same period in the previous year, the firm posted $1.59 EPS. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities 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. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.58%. Procter & Gamble’s payout ratio is 62.98%.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction 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 $768,256.49. The disclosure for this sale can be found here. Insiders have sold a total of 279,063 shares of company stock worth $43,187,745 in the last three months. Insiders own 0.17% of the company’s stock.

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.