KFA Private Wealth Group LLC Has $724,000 Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• KFA Private Wealth Group LLC increased its stake in Procter & Gamble by 88.2% in the first quarter, owning 4,248 shares valued at approximately $724,000, showcasing strong institutional interest in the company.
• Procter & Gamble reported $1.54 EPS for the recent quarter, slightly beating analysts' expectations, although its revenue of $19.78 billion fell short of the consensus estimate of $20.42 billion.
• The company announced a quarterly dividend of $1.0568 per share, reflecting an annualized dividend of $4.23 and a yield of 2.67%, with a payout ratio of 67.14%.

KFA Private Wealth Group LLC grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 88.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,248 shares of the company's stock after acquiring an additional 1,991 shares during the quarter. KFA Private Wealth Group LLC's holdings in Procter & Gamble were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PG. Cladis Investment Advisory LLC lifted its stake in Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after purchasing an additional 236 shares during the last quarter. FAS Wealth Partners Inc. lifted its stake in Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after purchasing an additional 549 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares during the last quarter. World Investment Advisors increased its position in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after buying an additional 2,886 shares during the period. Finally, Yoffe Investment Management LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $1,874,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG traded down $3.88 during mid-day trading on Wednesday, reaching $152.73. The company's stock had a trading volume of 8,147,285 shares, compared to its average volume of 8,241,301. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43. The stock has a market cap of $358.08 billion, a P/E ratio of 24.24, a PEG ratio of 4.48 and a beta of 0.40. The business has a 50-day simple moving average of $160.68 and a two-hundred day simple moving average of $164.19. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.77%. Procter & Gamble's payout ratio is 66.98%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PG. Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.71.

Procter & Gamble Company 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.