Walter & Keenan Wealth Management LLC IN ADV Has $5.74 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Walter & Keenan Wealth Management LLC IN ADV decreased its stake in The Procter & Gamble Company (NYSE:PG) by 0.2% during the 4th quarter, HoldingsChannel reports. The fund owned 34,228 shares of the company’s stock after selling 71 shares during the period. Procter & Gamble comprises approximately 1.7% of Walter & Keenan Wealth Management LLC IN ADV’s portfolio, making the stock its 15th biggest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Procter & Gamble were worth $5,738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Concurrent Investment Advisors LLC raised its stake in shares of Procter & Gamble by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock valued at $16,300,000 after purchasing an additional 4,035 shares in the last quarter. Copley Financial Group Inc. bought a new stake in Procter & Gamble in the 3rd quarter valued at $668,000. Fortem Financial Group LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $569,000. Nordea Investment Management AB boosted its position in shares of Procter & Gamble by 7.5% during the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock valued at $484,583,000 after acquiring an additional 201,695 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock valued at $32,065,000 after acquiring an additional 6,077 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.5 %

PG stock opened at $167.99 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a market cap of $393.91 billion, a P/E ratio of 26.75, a PEG ratio of 3.79 and a beta of 0.45. The business has a fifty day moving average of $167.30 and a 200-day moving average of $169.42.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PG. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays boosted 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. Wells Fargo & Company increased their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 in the last three months. Insiders own 0.18% of the company’s stock.

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.