Reik & CO. LLC Sells 10,000 Shares of Procter & Gamble Company (The) (NYSE:PG)

Reik & CO. LLC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 39.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 15,356 shares of the company’s stock after selling 10,000 shares during the period. Procter & Gamble Company (The) comprises approximately 0.5% of Reik & CO. LLC’s investment portfolio, making the stock its 21st largest position. Reik & CO. LLC’s holdings in Procter & Gamble Company (The) were worth $1,380,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Paradigm Financial Advisors LLC boosted its position in Procter & Gamble Company (The) by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock valued at $614,000 after buying an additional 25 shares during the period. American Economic Planning Group Inc. ADV boosted its stake in shares of Procter & Gamble Company (The) by 0.3% in the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after buying an additional 33 shares during the last quarter. Highwater Wealth Management LLC boosted its stake in shares of Procter & Gamble Company (The) by 1.2% in the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $293,000 after buying an additional 39 shares during the last quarter. Harvest Capital Management Inc boosted its stake in shares of Procter & Gamble Company (The) by 1.1% in the first quarter. Harvest Capital Management Inc now owns 4,033 shares of the company’s stock valued at $362,000 after buying an additional 45 shares during the last quarter. Finally, Granite Investment Advisors LLC boosted its stake in shares of Procter & Gamble Company (The) by 0.7% in the first quarter. Granite Investment Advisors LLC now owns 7,321 shares of the company’s stock valued at $658,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 59.83% of the company’s stock.

Procter & Gamble Company (NYSE:PG) opened at 90.21 on Friday. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $92.00. The company has a 50-day moving average price of $88.33 and a 200 day moving average price of $88.46. The company has a market cap of $230.72 billion, a PE ratio of 16.59 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. On average, analysts forecast that Procter & Gamble Company will post $4.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be paid a dividend of $0.6896 per share. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.06%. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

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A number of equities research analysts have issued reports on PG shares. Vetr raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price for the company in a research report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $103.00 target price on shares of Procter & Gamble Company (The) in a research report on Wednesday, April 26th. Stifel Nicolaus decreased their target price on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating for the company in a research report on Thursday, April 27th. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Procter & Gamble Company (The) currently has a consensus rating of “Hold” and a consensus target price of $87.16.

In other Procter & Gamble Company (The) news, insider Steven D. Bishop sold 2,668 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $87.34, for a total value of $233,023.12. Following the completion of the transaction, the insider now owns 43,608 shares of the company’s stock, valued at $3,808,722.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Patrice Louvet sold 3,837 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $87.00, for a total transaction of $333,819.00. Following the completion of the transaction, the insider now directly owns 46,913 shares of the company’s stock, valued at approximately $4,081,431. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 199,891 shares of company stock worth $17,276,637. Insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.