KMG Fiduciary Partners LLC Boosts Position in The Procter & Gamble Company (NYSE:PG)

KMG Fiduciary Partners LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 78,952 shares of the company’s stock after purchasing an additional 928 shares during the period. Procter & Gamble comprises 1.1% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 20th largest holding. KMG Fiduciary Partners LLC’s holdings in Procter & Gamble were worth $13,236,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PG. Decker Retirement Planning Inc. acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $94,000. Empirical Asset Management LLC boosted its holdings in Procter & Gamble by 136.7% in the 4th quarter. Empirical Asset Management LLC now owns 88,305 shares of the company’s stock worth $14,804,000 after acquiring an additional 51,002 shares during the period. Cvfg LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $681,000. Bennett Associates Wealth Management purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $279,000. Finally, Cohen Investment Advisors LLC lifted its position in shares of Procter & Gamble by 2.1% during the fourth quarter. Cohen Investment Advisors LLC now owns 19,205 shares of the company’s stock worth $3,220,000 after purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble Trading Up 0.5 %

NYSE:PG opened at $161.35 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $169.32 and its two-hundred day moving average is $169.39. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The company has a market cap of $379.98 billion, a PE ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. On average, analysts predict that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is 69.48%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,439 shares of company stock worth $13,317,460. Insiders own 0.18% of the company’s stock.

Procter & Gamble 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.