Rikoon Group LLC Reduces Position in Procter & Gamble Co (NYSE:PG)

Rikoon Group LLC reduced its position in shares of Procter & Gamble Co (NYSE:PG) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,005 shares of the company’s stock after selling 9,247 shares during the quarter. Procter & Gamble comprises about 5.2% of Rikoon Group LLC’s portfolio, making the stock its biggest position. Rikoon Group LLC’s holdings in Procter & Gamble were worth $14,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. BlackRock Inc. lifted its position in Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after acquiring an additional 2,470,382 shares during the last quarter. State Street Corp grew its holdings in Procter & Gamble by 1.4% in the third quarter. State Street Corp now owns 118,454,191 shares of the company’s stock worth $14,733,332,000 after purchasing an additional 1,585,813 shares during the last quarter. Phocas Financial Corp. grew its holdings in Procter & Gamble by 999,937.0% in the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $77,920,000 after purchasing an additional 71,055,523 shares during the last quarter. California Public Employees Retirement System grew its holdings in Procter & Gamble by 1.8% in the third quarter. California Public Employees Retirement System now owns 10,612,577 shares of the company’s stock worth $1,319,992,000 after purchasing an additional 183,533 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Procter & Gamble by 2.6% during the third quarter. Parametric Portfolio Associates LLC now owns 8,681,267 shares of the company’s stock worth $1,079,776,000 after purchasing an additional 216,795 shares in the last quarter. Institutional investors own 62.83% of the company’s stock.

PG has been the subject of several analyst reports. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Macquarie boosted their target price on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their price target on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Goldman Sachs Group restated a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $120.38.

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 1,729 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total value of $210,938.00. Following the sale, the chief executive officer now directly owns 6,856 shares of the company’s stock, valued at $836,432. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David S. Taylor sold 50,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $124.01, for a total value of $6,200,500.00. Following the sale, the chief executive officer now directly owns 277,521 shares in the company, valued at $34,415,379.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,247,348 shares of company stock worth $154,656,137. 1.75% of the stock is owned by corporate insiders.

NYSE PG opened at $126.09 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. The stock’s fifty day moving average price is $124.72 and its 200 day moving average price is $120.88. Procter & Gamble Co has a 1 year low of $89.08 and a 1 year high of $127.00. The company has a market cap of $315.24 billion, a price-to-earnings ratio of 84.06, a PEG ratio of 3.42 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. Research analysts expect that Procter & Gamble Co will post 4.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $0.7459 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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