Kingswood Wealth Advisors LLC Has $3.69 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Kingswood Wealth Advisors LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,996 shares of the company’s stock after selling 18,817 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Procter & Gamble were worth $3,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. PFG Investments LLC increased its position in Procter & Gamble by 4.8% during the fourth quarter. PFG Investments LLC now owns 50,762 shares of the company’s stock worth $8,510,000 after buying an additional 2,304 shares during the last quarter. Drive Wealth Management LLC increased its position in Procter & Gamble by 8.9% during the fourth quarter. Drive Wealth Management LLC now owns 8,677 shares of the company’s stock worth $1,455,000 after buying an additional 708 shares during the last quarter. Legacy Financial Group LLC acquired a new position in Procter & Gamble during the fourth quarter worth approximately $255,000. Tennessee Valley Asset Management Partners increased its position in Procter & Gamble by 4.3% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 17,260 shares of the company’s stock worth $2,894,000 after buying an additional 705 shares during the last quarter. Finally, Peak Financial Management Inc. increased its position in Procter & Gamble by 5.9% during the fourth quarter. Peak Financial Management Inc. now owns 2,711 shares of the company’s stock worth $455,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $166.35 on Wednesday. The business’s 50 day simple moving average is $168.83 and its 200 day simple moving average is $169.42. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market capitalization of $390.07 billion, a PE ratio of 26.49, a PEG ratio of 3.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the company’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 transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PG. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. UBS Group reduced their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

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.