Kingsview Wealth Management LLC Grows Holdings in The Procter & Gamble Company (NYSE:PG)

Kingsview Wealth Management LLC raised its stake in The Procter & Gamble Company (NYSE:PG) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 79,058 shares of the company’s stock after purchasing an additional 3,657 shares during the period. Kingsview Wealth Management LLC’s holdings in Procter & Gamble were worth $13,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. M Holdings Securities Inc. boosted its holdings in shares of Procter & Gamble by 2.1% in the 3rd quarter. M Holdings Securities Inc. now owns 11,718 shares of the company’s stock valued at $2,030,000 after buying an additional 238 shares during the period. Cerity Partners LLC boosted its holdings in shares of Procter & Gamble by 2.1% in the 3rd quarter. Cerity Partners LLC now owns 6,356,220 shares of the company’s stock valued at $1,100,897,000 after buying an additional 128,490 shares during the period. Optivise Advisory Services LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at about $545,000. Great Valley Advisor Group Inc. boosted its stake in Procter & Gamble by 10.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 78,834 shares of the company’s stock valued at $13,654,000 after purchasing an additional 7,751 shares during the period. Finally, Certified Advisory Corp boosted its stake in Procter & Gamble by 33.0% during the 3rd quarter. Certified Advisory Corp now owns 5,634 shares of the company’s stock valued at $976,000 after purchasing an additional 1,397 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PG. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.00.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,693 shares of company stock worth $27,311,345. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $176.26 on Friday. The company’s fifty day moving average is $170.04 and its 200-day moving average is $168.62. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The firm has a market cap of $415.10 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 3.74 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the prior year, the business posted $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.28%. Procter & Gamble’s payout ratio is presently 69.48%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.