RKL Wealth Management LLC Buys 4,844 Shares of Procter & Gamble Company (The) (PG)
RKL Wealth Management LLC lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 23.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,160 shares of the company’s stock after buying an additional 4,844 shares during the quarter. RKL Wealth Management LLC’s holdings in Procter & Gamble were worth $2,197,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Asset Planning Services Ltd. raised its holdings in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the period. Harding Loevner LP acquired a new position in Procter & Gamble in the 2nd quarter worth about $119,000. Blume Capital Management Inc. raised its holdings in Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in Procter & Gamble by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the period. Finally, Winfield Associates Inc. raised its holdings in Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 59.54% of the company’s stock.
PG has been the subject of a number of research analyst reports. Jefferies Group reissued a “buy” rating and set a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble in a report on Thursday, August 17th. BidaskClub raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $80.00 target price on shares of Procter & Gamble in a report on Wednesday, September 6th. Macquarie initiated coverage on Procter & Gamble in a report on Thursday, September 14th. They set an “outperform” rating and a $102.00 target price for the company. Finally, Vetr raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 target price for the company in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.81.
In related news, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the transaction, the insider now directly owns 20,135 shares in the company, valued at $1,794,229.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,575 shares of company stock valued at $1,927,095. Insiders own 0.35% of the company’s stock.
Procter & Gamble Company (NYSE:PG) traded up $0.27 during trading hours on Friday, hitting $90.37. The company had a trading volume of 5,580,725 shares, compared to its average volume of 6,196,935. Procter & Gamble Company has a 12-month low of $83.24 and a 12-month high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market capitalization of $229,264.91, a PE ratio of 22.71, a PEG ratio of 2.91 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.05%. Procter & Gamble’s dividend payout ratio is presently 48.51%.
Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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