RB Capital Management LLC Buys Shares of 11,467 Procter & Gamble Company (The) $PG

RB Capital Management LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,467 shares of the company’s stock, valued at approximately $1,682,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Park Square Financial Group LLC lifted its stake in Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Evolution Wealth Management Inc. lifted its stake in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after buying an additional 171 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Procter & Gamble during the 2nd quarter valued at $26,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PG. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. BMO Capital Markets increased their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Finally, Barclays upped their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $161.19.

Procter & Gamble Trading Down 0.0%

Shares of PG opened at $143.71 on Monday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The company has a market capitalization of $334.04 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 4.43 and a beta of 0.39. The stock has a fifty day moving average of $147.11 and a two-hundred day moving average of $148.21. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.71%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 4,030 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares of the company’s stock, valued at $26,888,873.79. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 6,627 shares of company stock worth $953,417 in the last 90 days. 0.20% of the stock is owned by company insiders.

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.