Keystone Financial Group Purchases 4,779 Shares of The Procter & Gamble Company (NYSE:PG)

Keystone Financial Group grew its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,991 shares of the company's stock after acquiring an additional 4,779 shares during the quarter. Procter & Gamble comprises approximately 0.7% of Keystone Financial Group's holdings, making the stock its 26th largest position. Keystone Financial Group's holdings in Procter & Gamble were worth $6,881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PG. Vanguard Group Inc. lifted its position in Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the period. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after buying an additional 1,267,419 shares in the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $5,244,463,000. Franklin Resources Inc. boosted its stake in Procter & Gamble by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock valued at $3,386,194,000 after buying an additional 1,209,275 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Procter & Gamble by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock worth $3,133,850,000 after acquiring an additional 312,203 shares during the period. Institutional investors own 65.77% of the company's stock.

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Procter & Gamble Stock Down 0.3 %

Shares of NYSE PG traded down $0.58 during mid-day trading on Tuesday, reaching $168.56. The company had a trading volume of 8,763,415 shares, compared to its average volume of 7,058,914. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market capitalization of $395.24 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 3.76 and a beta of 0.43. The stock has a fifty day moving average of $168.34 and a two-hundred day moving average of $168.56. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the firm earned $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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.51%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is 67.20%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PG. DA Davidson reissued a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday. Truist Financial lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $181.50.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last three months. 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.