Buck Wealth Strategies LLC Purchases 13,756 Shares of The Procter & Gamble Company (NYSE:PG)

Buck Wealth Strategies LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 37.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,932 shares of the company’s stock after purchasing an additional 13,756 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Procter & Gamble were worth $8,539,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble in the third quarter worth about $33,000. Bay Harbor Wealth Management LLC increased its holdings in Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after acquiring an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter worth approximately $46,000. Costello Asset Management INC boosted its position in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the period. Finally, Mendota Financial Group LLC increased its stake in shares of Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their target price 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. Stifel Nicolaus upped their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group cut their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $180.53.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock worth $25,635,076 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $168.96 on Friday. The stock has a 50 day moving average price of $167.74 and a 200-day moving average price of $169.41. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $396.18 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. 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) last posted its quarterly earnings data 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 business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 earnings per share. Equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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 paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.17%.

About Procter & Gamble

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.