Kiely Wealth Advisory Group Inc. Buys 198 Shares of The Procter & Gamble Company (NYSE:PG)

Kiely Wealth Advisory Group Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 12.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,808 shares of the company’s stock after buying an additional 198 shares during the quarter. Kiely Wealth Advisory Group Inc.’s holdings in Procter & Gamble were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wulff Hansen & CO. increased its position in Procter & Gamble by 16,292.0% during the 2nd quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after buying an additional 3,653,477 shares during the period. TD Asset Management Inc raised its stake in Procter & Gamble by 114.9% in the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock worth $579,017,000 after purchasing an additional 1,907,716 shares in the last quarter. Swedbank AB acquired a new stake in Procter & Gamble in the 1st quarter worth about $233,788,000. Ilex Capital Partners UK LLP acquired a new position in shares of Procter & Gamble during the 1st quarter worth approximately $228,212,000. Finally, Capital Research Global Investors increased its holdings in shares of Procter & Gamble by 24.4% during the first quarter. Capital Research Global Investors now owns 5,560,887 shares of the company’s stock worth $902,254,000 after purchasing an additional 1,089,102 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.6 %

Shares of PG opened at $174.22 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $177.94. The stock has a market capitalization of $411.18 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.84 and a beta of 0.41. The stock has a fifty day moving average of $170.21 and a 200-day moving average of $165.69.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PG shares. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target on the stock. Barclays cut their price objective on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $176.16.

Insider Activity

In related news, CEO Jon R. Moeller sold 37,240 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,553 shares of company stock valued at $63,829,141. Insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.