The Procter & Gamble Company (NYSE:PG) Shares Purchased by RKL Wealth Management LLC

RKL Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,836 shares of the company’s stock after buying an additional 450 shares during the quarter. RKL Wealth Management LLC’s holdings in Procter & Gamble were worth $2,990,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Advisors LLC grew its stake in Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after buying an additional 1,818 shares during the last quarter. Copley Financial Group Inc. purchased a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $668,000. Fortem Financial Group LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $569,000. Richard C. Young & CO. LTD. grew its stake in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after purchasing an additional 2,568 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Procter & Gamble by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock valued at $484,583,000 after purchasing an additional 201,695 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 over the last quarter. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $176.06 on Friday. The stock has a fifty day moving average price of $166.85 and a 200 day moving average price of $169.77. The stock has a market cap of $412.84 billion, a PE ratio of 28.04, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. Procter & Gamble’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PG shares. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.11.

Procter & Gamble 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.