26,292 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Rockline Wealth Management LLC

Rockline Wealth Management LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,292 shares of the company's stock, valued at approximately $3,853,000. Procter & Gamble accounts for about 1.6% of Rockline Wealth Management LLC's holdings, making the stock its 19th largest position.

Several other institutional investors have also added to or reduced their stakes in PG. State Street Corp boosted its holdings in shares of Procter & Gamble by 0.8% during the 2nd quarter. State Street Corp now owns 103,104,467 shares of the company's stock worth $15,645,072,000 after buying an additional 817,674 shares in the last quarter. Geode Capital Management LLC grew its position in Procter & Gamble by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company's stock valued at $6,936,343,000 after purchasing an additional 510,559 shares during the period. Morgan Stanley raised its holdings in shares of Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company's stock worth $6,717,246,000 after acquiring an additional 4,959,527 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Procter & Gamble by 96,526.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company's stock valued at $5,840,449,000 after buying an additional 38,495,676 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company's stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares in the last quarter. 63.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Royal Bank of Canada raised their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 24th. Barclays raised their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating for the company in a report on Thursday, January 18th. Raymond James upped their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.41.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now directly owns 36,845 shares of the company's stock, valued at $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 101,704 shares of the firm's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $0.20 during mid-day trading on Friday, reaching $161.66. 6,393,425 shares of the company were exchanged, compared to its average volume of 5,419,169. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $162.73. The company's 50 day moving average price is $157.76 and its 200 day moving average price is $151.99. The stock has a market capitalization of $380.39 billion, a PE ratio of 27.08, a PEG ratio of 3.30 and a beta of 0.44. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to analysts' expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. Sell-side analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble's dividend payout ratio (DPR) is 62.98%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.