Rikoon Group LLC Has $16.08 Million Stake in Procter & Gamble Co (NYSE:PG)

Rikoon Group LLC lessened its stake in Procter & Gamble Co (NYSE:PG) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 129,252 shares of the company’s stock after selling 92 shares during the period. Procter & Gamble comprises 6.0% of Rikoon Group LLC’s portfolio, making the stock its biggest holding. Rikoon Group LLC’s holdings in Procter & Gamble were worth $16,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. increased its holdings in shares of Procter & Gamble by 3.2% in the second quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after purchasing an additional 98 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of Procter & Gamble by 104.5% during the second quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock worth $2,583,000 after purchasing an additional 12,038 shares in the last quarter. Homrich & Berg boosted its position in shares of Procter & Gamble by 1.1% during the second quarter. Homrich & Berg now owns 116,403 shares of the company’s stock worth $12,764,000 after purchasing an additional 1,291 shares in the last quarter. Bellecapital International Ltd. boosted its position in shares of Procter & Gamble by 19.0% during the second quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock worth $703,000 after purchasing an additional 1,025 shares in the last quarter. Finally, First National Bank of South Miami boosted its position in shares of Procter & Gamble by 5.1% during the second quarter. First National Bank of South Miami now owns 6,967 shares of the company’s stock worth $823,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

A number of equities analysts have recently weighed in on PG shares. Wells Fargo & Co lifted their price target on shares of Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Macquarie raised their price objective on shares of Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Goldman Sachs Group restated a “buy” rating and set a $136.00 price objective on shares of Procter & Gamble in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $116.71.

In other news, Vice Chairman Jon R. Moeller sold 141,575 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.05, for a total transaction of $16,712,928.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Carolyn M. Tastad sold 10,662 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total transaction of $1,258,116.00. Following the transaction, the insider now owns 61,225 shares in the company, valued at $7,224,550. The disclosure for this sale can be found here. Insiders sold a total of 1,645,966 shares of company stock worth $202,229,770 over the last quarter. Company insiders own 1.75% of the company’s stock.

PG stock traded up $0.08 during midday trading on Friday, hitting $119.70. The company’s stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. Procter & Gamble Co has a twelve month low of $86.74 and a twelve month high of $125.77. The company’s fifty day moving average price is $121.95 and its 200 day moving average price is $115.01. The stock has a market capitalization of $296.51 billion, a P/E ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The firm had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period in the previous year, the business earned $1.12 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Equities analysts expect that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 annualized dividend and a yield of 2.49%. Procter & Gamble’s payout ratio is currently 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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