RKL Wealth Management LLC Acquires 1,973 Shares of Procter & Gamble Company (The) (NYSE:PG)

RKL Wealth Management LLC grew its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,809 shares of the company's stock after acquiring an additional 1,973 shares during the quarter. RKL Wealth Management LLC's holdings in Procter & Gamble were worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after acquiring an additional 284,174 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Procter & Gamble by 3.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 291,204 shares of the company's stock valued at $48,820,000 after acquiring an additional 9,429 shares during the period. State of Michigan Retirement System raised its position in Procter & Gamble by 3.2% in the fourth quarter. State of Michigan Retirement System now owns 661,737 shares of the company's stock worth $110,940,000 after purchasing an additional 20,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Procter & Gamble by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company's stock worth $2,830,252,000 after purchasing an additional 459,437 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer owned 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PG. Citigroup reduced their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a report on Thursday, May 1st. Finally, Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $178.45.

Procter & Gamble Price Performance

PG stock traded down $0.15 during mid-day trading on Wednesday, hitting $161.07. 8,771,095 shares of the stock were exchanged, compared to its average volume of 7,466,369. The stock has a market capitalization of $377.64 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 4.70 and a beta of 0.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The business has a fifty day moving average price of $162.17 and a 200 day moving average price of $165.47.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter last year, the company earned $1.52 EPS. The firm's revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.62%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is presently 67.14%.

Procter & Gamble Company 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.