Rikoon Group LLC Has $11.11 Million Position in Procter & Gamble Company (The) (PG)
Rikoon Group LLC increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,453 shares of the company’s stock after purchasing an additional 80 shares during the quarter. Procter & Gamble makes up approximately 4.9% of Rikoon Group LLC’s portfolio, making the stock its 2nd biggest holding. Rikoon Group LLC’s holdings in Procter & Gamble were worth $11,107,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of PG. Capital Research Global Investors grew its stake in Procter & Gamble by 74.2% in the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after buying an additional 5,278,359 shares in the last quarter. Janus Henderson Group PLC grew its stake in Procter & Gamble by 1,244.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after buying an additional 4,165,862 shares in the last quarter. Vanguard Group Inc. grew its stake in Procter & Gamble by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after buying an additional 4,066,266 shares in the last quarter. BlackRock Inc. grew its stake in Procter & Gamble by 1.4% in the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after buying an additional 2,164,426 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Procter & Gamble by 30.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock valued at $553,334,000 after purchasing an additional 1,487,095 shares in the last quarter. 59.54% of the stock is currently owned by institutional investors.
Shares of Procter & Gamble Company (NYSE PG) traded up $0.12 during trading hours on Friday, reaching $91.00. 5,853,500 shares of the company traded hands, compared to its average volume of 7,352,885. Procter & Gamble Company has a one year low of $83.24 and a one year high of $94.67. The stock has a market capitalization of $230,558.73, a price-to-earnings ratio of 22.83, a PEG ratio of 2.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75.
Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. equities analysts predict that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.03%. Procter & Gamble’s dividend payout ratio (DPR) is presently 48.51%.
A number of research analysts have recently commented on PG shares. Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Jefferies Group restated a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a research report on Tuesday, October 10th. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a research report on Monday, October 23rd. Finally, BidaskClub upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and an average price target of $88.31.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at $7,438,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. Insiders sold 21,575 shares of company stock valued at $1,927,095 over the last quarter. 0.35% of the stock is owned by company insiders.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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