RMR Wealth Builders Buys 613 Shares of The Procter & Gamble Company (NYSE:PG)

RMR Wealth Builders increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,340 shares of the company’s stock after acquiring an additional 613 shares during the quarter. RMR Wealth Builders’ holdings in Procter & Gamble were worth $1,369,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Naples Money Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth about $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $33,000. Criterion Capital Advisors LLC bought a new position in Procter & Gamble in the 4th quarter valued at about $33,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Procter & Gamble during the 4th quarter valued at about $35,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PG shares. Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Barclays boosted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Up 0.2 %

Shares of NYSE PG opened at $165.47 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market capitalization of $390.53 billion, a PE ratio of 26.97, a P/E/G ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $166.37. The business’s fifty day moving average price is $160.23 and its 200-day moving average price is $154.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.69%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Procter & Gamble news, CEO Gary A. Coombe sold 21,388 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the transaction, the chief executive officer now directly owns 36,854 shares of the company’s stock, valued at approximately $6,080,172.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold 140,112 shares of company stock valued at $22,841,321 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.