RCS Financial Planning LLC Sells 73 Shares of The Procter & Gamble Company (NYSE:PG)

RCS Financial Planning LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,548 shares of the company’s stock after selling 73 shares during the period. RCS Financial Planning LLC’s holdings in Procter & Gamble were worth $427,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Dana Investment Advisors Inc. increased its position in Procter & Gamble by 3.0% during the 2nd quarter. Dana Investment Advisors Inc. now owns 38,429 shares of the company’s stock worth $6,338,000 after purchasing an additional 1,125 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in shares of Procter & Gamble by 2.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 26,383 shares of the company’s stock valued at $4,351,000 after acquiring an additional 698 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at $1,782,000. Centennial Bank AR grew its position in Procter & Gamble by 4.6% during the 2nd quarter. Centennial Bank AR now owns 2,435 shares of the company’s stock worth $403,000 after acquiring an additional 108 shares during the last quarter. Finally, Brown Financial Advisors acquired a new position in Procter & Gamble in the 2nd quarter worth about $2,003,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PG shares. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group lowered their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Trading Up 0.1 %

Shares of Procter & Gamble stock opened at $166.34 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The stock has a 50 day moving average price of $168.74 and a two-hundred day moving average price of $169.41. The stock has a market capitalization of $391.74 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the business posted $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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 given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.42%. Procter & Gamble’s payout ratio is 64.17%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,097 shares of company stock valued at $25,635,076. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.