Rice Partnership LLC Has $2.87 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Rice Partnership LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,404 shares of the company’s stock after selling 65 shares during the period. Rice Partnership LLC’s holdings in Procter & Gamble were worth $2,870,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PG. Norges Bank acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $3,956,117,000. Charles Schwab Investment Management Inc. raised its position in shares of Procter & Gamble by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock worth $2,336,552,000 after acquiring an additional 206,165 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Procter & Gamble by 5.5% during the fourth quarter. Fisher Asset Management LLC now owns 10,552,081 shares of the company’s stock valued at $1,546,302,000 after acquiring an additional 554,451 shares during the period. Franklin Resources Inc. boosted its holdings in Procter & Gamble by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock valued at $1,402,636,000 after acquiring an additional 246,323 shares during the last quarter. Finally, Sanders Capital LLC increased its position in Procter & Gamble by 3.3% in the fourth quarter. Sanders Capital LLC now owns 6,987,508 shares of the company’s stock worth $1,023,949,000 after purchasing an additional 223,798 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the subject of a number of analyst reports. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Thursday. Evercore ISI upped their price objective on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays cut their price target on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, TD Cowen initiated coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the sale, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,553 shares of company stock worth $63,829,141. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG traded up $1.51 during trading hours on Monday, hitting $171.54. The company had a trading volume of 7,301,600 shares, compared to its average volume of 6,572,757. The business has a fifty day moving average of $167.48 and a 200-day moving average of $164.14. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The firm has a market cap of $404.86 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.72 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $171.89.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Procter & Gamble Company 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.