KRS Capital Management LLC Has $495,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

KRS Capital Management LLC decreased its stake in The Procter & Gamble Company (NYSE:PG) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,053 shares of the company’s stock after selling 1,207 shares during the period. KRS Capital Management LLC’s holdings in Procter & Gamble were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Teza Capital Management LLC boosted its position in shares of Procter & Gamble by 212.9% during the 3rd quarter. Teza Capital Management LLC now owns 4,284 shares of the company’s stock valued at $625,000 after purchasing an additional 2,915 shares in the last quarter. Fred Alger Management LLC boosted its position in shares of Procter & Gamble by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 50,240 shares of the company’s stock valued at $7,328,000 after purchasing an additional 167 shares in the last quarter. Northeast Financial Consultants Inc boosted its position in shares of Procter & Gamble by 0.4% during the 3rd quarter. Northeast Financial Consultants Inc now owns 26,075 shares of the company’s stock valued at $3,803,000 after purchasing an additional 91 shares in the last quarter. Waverly Advisors LLC boosted its position in shares of Procter & Gamble by 11.0% during the 3rd quarter. Waverly Advisors LLC now owns 25,587 shares of the company’s stock valued at $3,732,000 after purchasing an additional 2,539 shares in the last quarter. Finally, NCM Capital Management LLC boosted its position in shares of Procter & Gamble by 7.8% during the 3rd quarter. NCM Capital Management LLC now owns 4,348 shares of the company’s stock valued at $634,000 after purchasing an additional 316 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price on the stock. Argus increased their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Jefferies Financial Group increased their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Barclays increased their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

Shares of PG opened at $164.92 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $389.23 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.35 and a beta of 0.42. The stock has a 50 day moving average of $165.60 and a 200 day moving average of $158.81. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $169.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same period last year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Procter & Gamble Profile

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.