Procter & Gamble (PG) Shares Bought by Reik & CO. LLC
Reik & CO. LLC raised its holdings in Procter & Gamble (NYSE:PG) by 4.8% during the 4th quarter, Holdings Channel reports. The fund owned 16,416 shares of the company’s stock after buying an additional 750 shares during the period. Procter & Gamble makes up approximately 0.5% of Reik & CO. LLC’s holdings, making the stock its 21st biggest holding. Reik & CO. LLC’s holdings in Procter & Gamble were worth $1,508,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in PG. Beach Investment Management LLC. bought a new position in shares of Procter & Gamble during the 2nd quarter worth $6,942,000. RiverPoint Capital Management LLC grew its position in shares of Procter & Gamble by 1.1% during the 2nd quarter. RiverPoint Capital Management LLC now owns 296,885 shares of the company’s stock worth $25,874,000 after buying an additional 3,286 shares in the last quarter. Alethea Capital Management LLC grew its position in shares of Procter & Gamble by 6.2% during the 2nd quarter. Alethea Capital Management LLC now owns 6,000 shares of the company’s stock worth $522,000 after buying an additional 350 shares in the last quarter. Ifrah Financial Services Inc. bought a new position in shares of Procter & Gamble during the 2nd quarter worth $249,000. Finally, Intersect Capital LLC grew its position in shares of Procter & Gamble by 47.2% during the 2nd quarter. Intersect Capital LLC now owns 45,142 shares of the company’s stock worth $3,934,000 after buying an additional 14,470 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.
Procter & Gamble stock opened at $78.61 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble has a one year low of $75.81 and a one year high of $94.67. The stock has a market capitalization of $197,571.08, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.49 and a beta of 0.56.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th will be paid a $0.7172 dividend. The ex-dividend date is Thursday, April 19th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 dividend on an annualized basis and a yield of 3.65%. Procter & Gamble’s dividend payout ratio (DPR) is 70.41%.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,011 shares of company stock valued at $9,710,976. 0.35% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on PG shares. Jefferies Group reaffirmed a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. Deutsche Bank started coverage on Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price objective on the stock. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research report on Tuesday, January 16th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $85.52.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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