Royal Fund Management LLC Has $5.58 Million Position in Procter & Gamble Company (The) $PG

Key Points

• Royal Fund Management LLC increased its stake in Procter & Gamble by 22.1% in Q4 to 38,894 shares, a position valued at about $5.575 million.
• Significant insider selling occurred recently — Marc S. Pritchard sold 95,903 shares and Chairman Jon R. Moeller sold 162,232 shares — with insiders disposing of 348,618 shares worth $55.46 million last quarter, leaving insiders owning 0.20% of the stock.
• Wall Street sentiment is mildly positive with 12 Buys vs. 9 Holds and a consensus target of $167.83; P&G has a market cap of ~$336.4B, a P/E of 21.45, and pays a $4.23 annual dividend (~2.9% yield, 62.7% payout ratio).

Royal Fund Management LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,894 shares of the company's stock after buying an additional 7,052 shares during the quarter. Royal Fund Management LLC's holdings in Procter & Gamble were worth $5,575,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth about $25,000. Saranac Partners Ltd acquired a new position in Procter & Gamble in the third quarter valued at about $30,000. Corundum Trust Company INC bought a new stake in Procter & Gamble during the third quarter worth about $32,000. Caitlin John LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth approximately $34,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth approximately $37,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $144.76 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $153.93 and a 200 day simple moving average of $149.97. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The firm has a market cap of $336.43 billion, a P/E ratio of 21.45, a P/E/G ratio of 4.77 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble's payout ratio is currently 62.67%.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the sale, the insider owned 182,607 shares in the company, valued at $27,601,048.05. The trade was a 34.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 348,618 shares of company stock worth $55,462,643. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. UBS Group boosted their target price on Procter & Gamble from $161.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised Procter & Gamble from a "neutral" rating to an "overweight" rating and raised their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Dbs Bank raised Procter & Gamble from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Wells Fargo & Company restated an "overweight" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Tuesday, February 17th. Finally, BNP Paribas Exane lowered their target price on Procter & Gamble from $172.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $167.83.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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