Keybank National Association OH Grows Position in The Procter & Gamble Company (NYSE:PG)

Keybank National Association OH increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,299,024 shares of the company’s stock after buying an additional 2,569 shares during the quarter. Procter & Gamble comprises 0.8% of Keybank National Association OH’s investment portfolio, making the stock its 22nd biggest holding. Keybank National Association OH owned about 0.06% of Procter & Gamble worth $217,782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jag Capital Management LLC grew its stake in shares of Procter & Gamble by 0.7% in the 4th quarter. Jag Capital Management LLC now owns 27,649 shares of the company’s stock valued at $4,635,000 after purchasing an additional 183 shares during the last quarter. Horan Capital Advisors LLC. grew its stake in shares of Procter & Gamble by 2.0% in the 4th quarter. Horan Capital Advisors LLC. now owns 23,839 shares of the company’s stock valued at $3,997,000 after purchasing an additional 463 shares during the last quarter. Alley Investment Management Company LLC grew its stake in shares of Procter & Gamble by 3.4% in the 4th quarter. Alley Investment Management Company LLC now owns 63,596 shares of the company’s stock valued at $10,662,000 after purchasing an additional 2,071 shares during the last quarter. Exencial Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 1.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 16,023 shares of the company’s stock valued at $2,686,000 after purchasing an additional 236 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of Procter & Gamble by 71.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 996,675 shares of the company’s stock valued at $167,093,000 after purchasing an additional 416,872 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $175.50 on Tuesday. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The stock has a market cap of $411.52 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The business has a fifty day moving average of $166.44 and a 200-day moving average of $169.61. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s payout ratio is currently 64.01%.

Analyst Ratings Changes

PG has been the topic of several analyst reports. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Piper Sandler decreased their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Barclays lifted their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $181.11.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.