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Castle Rock Wealth Management LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

Castle Rock Wealth Management LLC Grows Position in The Procter & Gamble Company (NYSE:PG) #Castle #Rock #Wealth #Management #LLC #Grows #Position #Procter #Gamble #Company #NYSEPG Welcome to Americanah Blog, here is the new story we have for you today:

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Castle Rock Wealth Management LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 23.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,969 shares of the company’s stock after buying an additional 1,135 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Procter & Gamble were worth $872,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PG. Lansing Street Advisors purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $37,000. Western Pacific Wealth Management LP purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $40,000. Dravo Bay LLC purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $40,000. Retirement Group LLC grew its holdings in shares of Procter & Gamble by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock valued at $43,000 after purchasing an additional 92 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 63.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PG. Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a report on Monday, June 20th. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Barclays decreased their target price on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 2nd. Finally, Truist Financial decreased their target price on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Insider Activity at Procter & Gamble

In related news, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the sale, the chief executive officer now owns 4,002 shares of the company’s stock, valued at $580,770.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar G. Raman sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the sale, the chief executive officer now owns 4,002 shares of the company’s stock, valued at $580,770.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 4,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $146.00, for a total transaction of $584,000.00. Following the completion of the transaction, the chief executive officer now owns 1,026 shares in the company, valued at $149,796. The disclosure for this sale can be found here. Insiders have sold a total of 289,321 shares of company stock valued at $42,559,426 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.4 %

Shares of PG opened at $136.21 on Friday. The stock has a market capitalization of $324.93 billion, a PE ratio of 23.44, a P/E/G ratio of 3.49 and a beta of 0.35. The Procter & Gamble Company has a 1 year low of $129.50 and a 1 year high of $165.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.65. The company’s 50-day simple moving average is $142.58 and its 200-day simple moving average is $147.19.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. Analysts forecast that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were issued a $0.913 dividend. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.68%. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.

Procter & Gamble Company Profile

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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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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