Reik & CO. LLC Sells 1,615 Shares of The Procter & Gamble Company (NYSE:PG)

Reik & CO. LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,135 shares of the company's stock after selling 1,615 shares during the quarter. Procter & Gamble comprises about 0.5% of Reik & CO. LLC's holdings, making the stock its 19th biggest position. Reik & CO. LLC's holdings in Procter & Gamble were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Procter & Gamble by 19,030.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company's stock worth $639,730,000 after purchasing an additional 3,674,286 shares during the period. Geode Capital Management LLC increased its holdings in Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock worth $9,538,327,000 after buying an additional 3,619,466 shares during the last quarter. Franklin Resources Inc. boosted its stake in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Procter & Gamble during the 3rd quarter valued at approximately $301,950,000. Finally, AMF Tjanstepension AB raised its holdings in shares of Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company's stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,097 shares of company stock valued at $25,635,076. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PG. Evercore ISI upped their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson restated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus raised their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $180.53.

Procter & Gamble Trading Up 1.2 %

Shares of PG stock traded up $2.00 on Tuesday, hitting $169.53. 5,437,002 shares of the company's stock traded hands, compared to its average volume of 7,118,479. The stock has a market capitalization of $397.52 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 3.79 and a beta of 0.45. The company's fifty day simple moving average is $167.06 and its 200 day simple moving average is $169.44. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's payout ratio is 64.17%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.