Castle Rock Wealth Management LLC Sells 459 Shares of The Procter & Gamble Company (NYSE:PG)

Castle Rock Wealth Management LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,955 shares of the company’s stock after selling 459 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Procter & Gamble were worth $807,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC boosted its position in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Navigoe LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $31,000. Hoey Investments Inc. lifted its position in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $34,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PG. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.52.

Procter & Gamble Trading Up 0.6%

Procter & Gamble stock opened at $165.95 on Tuesday. The business’s fifty day simple moving average is $164.13 and its two-hundred day simple moving average is $167.34. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $389.07 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the business earned $1.52 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.55%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,520 shares of company stock valued at $7,909,388. 0.18% of the stock is owned by insiders.

Procter & Gamble Profile

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.