MRP Capital Investments LLC Sells 290 Shares of The Procter & Gamble Company (NYSE:PG)

MRP Capital Investments LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 14.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,737 shares of the company’s stock after selling 290 shares during the quarter. MRP Capital Investments LLC’s holdings in Procter & Gamble were worth $286,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Procter & Gamble during the second quarter worth about $29,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble in the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. raised its position in Procter & Gamble by 64.7% during the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Procter & Gamble during the second quarter worth $34,000. Finally, Vima LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $35,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The disclosure for this sale can be found here. Insiders sold a total of 375,553 shares of company stock worth $63,829,141 in the last three months. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 1.1 %

Shares of Procter & Gamble stock opened at $173.91 on Thursday. The firm has a market cap of $410.45 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 3.76 and a beta of 0.41. The stock’s 50-day moving average is $169.94 and its 200 day moving average is $165.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.94.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.31%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PG shares. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays decreased their target price on shares of Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their price target on Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $175.79.

Procter & Gamble 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.