RPG Investment Advisory LLC Has $4.33 Million Holdings in Procter & Gamble Co (PG)
RPG Investment Advisory LLC grew its stake in Procter & Gamble Co (NYSE:PG) by 4.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 54,634 shares of the company’s stock after buying an additional 2,270 shares during the period. RPG Investment Advisory LLC’s holdings in Procter & Gamble were worth $4,332,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth about $103,000. Twin Tree Management LP bought a new position in shares of Procter & Gamble in the first quarter worth about $144,000. Clearwater Capital Advisors LLC bought a new position in shares of Procter & Gamble in the first quarter worth about $154,000. Corbyn Investment Management Inc. MD bought a new position in shares of Procter & Gamble in the first quarter worth about $157,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Procter & Gamble in the fourth quarter worth about $171,000. Institutional investors and hedge funds own 59.54% of the company’s stock.
In other Procter & Gamble news, insider Gary A. Coombe sold 1,529 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $74.25, for a total transaction of $113,528.25. Following the sale, the insider now directly owns 5,235 shares in the company, valued at $388,698.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Juan Fernando Posada sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $81.98, for a total value of $252,498.40. Following the sale, the insider now owns 27,278 shares in the company, valued at $2,236,250.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,968 shares of company stock worth $8,189,479. Company insiders own 0.35% of the company’s stock.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The company had revenue of $16.50 billion during the quarter, compared to analyst estimates of $16.52 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. research analysts predict that Procter & Gamble Co will post 4.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Friday, July 20th were given a dividend of $0.7172 per share. The ex-dividend date was Thursday, July 19th. This represents a $2.87 dividend on an annualized basis and a yield of 3.43%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.
PG has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed a “hold” rating on shares of Procter & Gamble in a research note on Monday, June 11th. ValuEngine lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research note on Monday, July 9th. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Finally, Deutsche Bank increased their price target on Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Procter & Gamble has an average rating of “Hold” and an average price target of $84.79.
Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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