Kennon Green & Company LLC Has $1.50 Million Stake in The Procter & Gamble Company (NYSE:PG)

Kennon Green & Company LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,941 shares of the company’s stock after selling 62 shares during the period. Procter & Gamble accounts for about 1.3% of Kennon Green & Company LLC’s investment portfolio, making the stock its 27th largest holding. Kennon Green & Company LLC’s holdings in Procter & Gamble were worth $1,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Bell Bank grew its holdings in Procter & Gamble by 2.4% during the 4th quarter. Bell Bank now owns 10,122 shares of the company’s stock worth $1,697,000 after acquiring an additional 234 shares during the period. Greystone Financial Group LLC grew its holdings in Procter & Gamble by 4.5% during the 4th quarter. Greystone Financial Group LLC now owns 40,029 shares of the company’s stock worth $6,711,000 after acquiring an additional 1,739 shares during the period. Peregrine Asset Advisers Inc. grew its holdings in Procter & Gamble by 58.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 17,583 shares of the company’s stock worth $2,948,000 after acquiring an additional 6,471 shares during the period. Eubel Brady & Suttman Asset Management Inc. grew its holdings in Procter & Gamble by 1.4% during the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 7,345 shares of the company’s stock worth $1,231,000 after acquiring an additional 100 shares during the period. Finally, Dahring Cusmano LLC acquired a new stake in Procter & Gamble during the 4th quarter worth about $337,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.8 %

Shares of PG stock opened at $170.17 on Friday. The company has a 50 day moving average of $166.04 and a 200-day moving average of $169.44. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The firm has a market cap of $399.02 billion, a P/E ratio of 27.10, a PEG ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $21.66 billion. During the same quarter last year, the business posted $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is 64.17%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PG shares. Barclays increased their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight research 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’s stock. According to data from MarketBeat, the stock currently has an average 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.