Keystone Financial Planning Inc. raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 162.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,292 shares of the company’s stock after acquiring an additional 35,490 shares during the quarter. Procter & Gamble Company (The) makes up 3.0% of Keystone Financial Planning Inc.’s portfolio, making the stock its 16th biggest holding. Keystone Financial Planning Inc.’s holdings in Procter & Gamble Company (The) were worth $4,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pekin Singer Strauss Asset Management IL raised its holdings in shares of Procter & Gamble Company (The) by 16.0% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 13,519 shares of the company’s stock worth $1,178,000 after acquiring an additional 1,865 shares during the last quarter. Sterling Global Strategies LLC raised its holdings in shares of Procter & Gamble Company (The) by 0.4% in the second quarter. Sterling Global Strategies LLC now owns 11,247 shares of the company’s stock worth $980,000 after acquiring an additional 47 shares during the last quarter. First Capital Advisors Group LLC. raised its holdings in shares of Procter & Gamble Company (The) by 1.5% in the second quarter. First Capital Advisors Group LLC. now owns 23,396 shares of the company’s stock worth $2,039,000 after acquiring an additional 346 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Procter & Gamble Company (The) by 25.9% in the second quarter. Wedge Capital Management L L P NC now owns 2,878 shares of the company’s stock worth $251,000 after acquiring an additional 592 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new position in shares of Procter & Gamble Company (The) in the second quarter worth $2,845,000. 59.73% of the stock is owned by institutional investors.

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Several equities analysts recently commented on the company. Deutsche Bank AG reiterated a “hold” rating and issued a $92.00 target price (up from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 target price (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. BidaskClub upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Procter & Gamble Company (The) has a consensus rating of “Hold” and an average target price of $88.69.

In other news, insider Marylynn Fergusonmchugh sold 2,856 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The disclosure for this sale can be found here. Insiders sold 32,694 shares of company stock valued at $2,987,000 in the last ninety days. Company insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) opened at $88.87 on Wednesday. Procter & Gamble Company has a 1 year low of $81.18 and a 1 year high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $225,789.27, a PE ratio of 22.36, a PEG ratio of 2.87 and a beta of 0.66.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a return on equity of 20.35% and a net margin of 23.72%. The company had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. research analysts expect that Procter & Gamble Company will post 4.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be given a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is 48.51%.

Procter & Gamble Company (The) Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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