The Procter & Gamble Company (NYSE:PG) Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,518 shares of the company's stock after buying an additional 2,184 shares during the period. Kestra Investment Management LLC's holdings in Procter & Gamble were worth $1,763,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PG. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at $33,000. Bay Harbor Wealth Management LLC increased its stake in shares of Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock valued at $45,000 after buying an additional 243 shares during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $46,000. Costello Asset Management INC increased its stake in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company's stock valued at $54,000 after buying an additional 300 shares during the period. Finally, DecisionPoint Financial LLC increased its stake in shares of Procter & Gamble by 46.7% during the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company's stock valued at $55,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

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Procter & Gamble Stock Performance

PG stock traded up $2.96 during trading on Friday, hitting $170.17. 9,804,001 shares of the company traded hands, compared to its average volume of 7,314,646. The stock's 50-day simple moving average is $166.04 and its 200 day simple moving average is $169.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market cap of $399.02 billion, a PE ratio of 27.10, a P/E/G ratio of 3.74 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.84 earnings per share. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PG shares. Barclays raised their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. DA Davidson reaffirmed a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. UBS Group dropped their price objective on Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $180.53.

Insider Activity

In other news, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

About Procter & Gamble

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.