Kentucky Retirement Systems lessened its holdings in The Procter & Gamble Company (NYSE:PG – Free Report) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,531 shares of the company’s stock after selling 1,339 shares during the period. Procter & Gamble makes up approximately 1.0% of Kentucky Retirement Systems’ portfolio, making the stock its 15th biggest holding. Kentucky Retirement Systems’ holdings in Procter & Gamble were worth $27,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tevis Investment Management raised its position in Procter & Gamble by 0.5% during the first quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock valued at $1,823,000 after purchasing an additional 64 shares in the last quarter. Eagle Strategies LLC grew its stake in shares of Procter & Gamble by 1.9% during the first quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock valued at $524,000 after buying an additional 65 shares during the last quarter. WealthTrust Asset Management LLC grew its stake in shares of Procter & Gamble by 3.4% during the first quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock valued at $296,000 after buying an additional 65 shares during the last quarter. Keystone Wealth Services LLC grew its stake in shares of Procter & Gamble by 2.7% during the first quarter. Keystone Wealth Services LLC now owns 2,562 shares of the company’s stock valued at $381,000 after buying an additional 67 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. grew its stake in shares of Procter & Gamble by 0.7% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 9,953 shares of the company’s stock valued at $1,480,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

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Procter & Gamble Stock Up 0.3 %

NYSE PG traded up $0.41 during mid-day trading on Friday, reaching $152.52. The stock had a trading volume of 1,913,068 shares, compared to its average volume of 6,385,436. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $158.38. The stock has a market cap of $359.54 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The company has a fifty day moving average price of $151.65 and a 200 day moving average price of $148.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.44.

Procter & Gamble Announces Dividend

Procter & Gamble ( NYSE:PG Get Free Report ) last announced its quarterly earnings data on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The company had revenue of $20.60 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, research analysts expect that The Procter & Gamble Company will post 6.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, July 20th. Procter & Gamble’s payout ratio is 63.73%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $174.00 price objective on shares of Procter & Gamble in a research note on Tuesday, August 1st. Stifel Nicolaus raised their target price on Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Wells Fargo & Company raised their target price on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Jefferies Financial Group lifted their price objective on Procter & Gamble from $171.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Finally, Bank of America lifted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $164.82.

Check Out Our Latest Stock Analysis on Procter & Gamble

Insider Activity

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,387 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,315,668.69. Following the completion of the transaction, the chief executive officer now owns 962 shares of the company’s stock, valued at approximately $150,908.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ma. Fatima Francisco sold 8,387 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total value of $1,315,668.69. Following the sale, the chief executive officer now directly owns 962 shares in the company, valued at approximately $150,908.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew W. Janzaruk sold 33,022 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the sale, the chief accounting officer now directly owns 888 shares in the company, valued at $138,758.88. The disclosure for this sale can be found here. Insiders sold a total of 54,038 shares of company stock valued at $8,460,839 in the last 90 days. Company insiders own 0.26% of the company’s stock.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Further Reading

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