Buck Wealth Strategies LLC Raises Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Buck Wealth Strategies LLC raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,735 shares of the company's stock after buying an additional 5,803 shares during the period. Procter & Gamble comprises 1.8% of Buck Wealth Strategies LLC's investment portfolio, making the stock its 23rd biggest position. Buck Wealth Strategies LLC's holdings in Procter & Gamble were worth $9,669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shum Financial Group Inc. increased its holdings in Procter & Gamble by 4.6% in the first quarter. Shum Financial Group Inc. now owns 7,005 shares of the company's stock valued at $1,194,000 after buying an additional 308 shares in the last quarter. Heartland Bank & Trust Co increased its holdings in Procter & Gamble by 13.4% in the first quarter. Heartland Bank & Trust Co now owns 12,655 shares of the company's stock valued at $2,157,000 after buying an additional 1,494 shares in the last quarter. Masso Torrence Wealth Management Inc. increased its holdings in Procter & Gamble by 2.1% in the first quarter. Masso Torrence Wealth Management Inc. now owns 4,143 shares of the company's stock valued at $706,000 after buying an additional 87 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in Procter & Gamble by 14.2% in the first quarter. Matrix Asset Advisors Inc. NY now owns 2,495 shares of the company's stock valued at $425,000 after buying an additional 310 shares in the last quarter. Finally, Rappaport Reiches Capital Management LLC purchased a new position in Procter & Gamble in the first quarter valued at $267,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.6%

PG opened at $158.93 on Friday. Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The stock has a market capitalization of $372.62 billion, a PE ratio of 25.23, a P/E/G ratio of 4.69 and a beta of 0.43. The business's 50 day moving average price is $163.35 and its 200 day moving average price is $166.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. Procter & Gamble's payout ratio is presently 67.14%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PG shares. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Bank of America cut their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.86.

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.

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