Procter & Gamble Co (PG) Shares Bought by Buckley Wealth Management LLC

Buckley Wealth Management LLC increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 18.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,640 shares of the company’s stock after purchasing an additional 6,550 shares during the quarter. Procter & Gamble makes up 1.5% of Buckley Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. Buckley Wealth Management LLC’s holdings in Procter & Gamble were worth $3,250,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PG. Hutner Capital Management Inc. lifted its stake in shares of Procter & Gamble by 0.9% in the 2nd quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock valued at $5,942,000 after purchasing an additional 645 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of Procter & Gamble by 5.6% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock valued at $979,000 after purchasing an additional 661 shares during the last quarter. Signature Wealth Management Group lifted its stake in shares of Procter & Gamble by 2.0% in the 2nd quarter. Signature Wealth Management Group now owns 35,233 shares of the company’s stock valued at $2,750,000 after purchasing an additional 674 shares during the last quarter. IMS Capital Management lifted its stake in shares of Procter & Gamble by 15.9% in the 2nd quarter. IMS Capital Management now owns 5,122 shares of the company’s stock valued at $400,000 after purchasing an additional 702 shares during the last quarter. Finally, Jag Capital Management LLC lifted its stake in shares of Procter & Gamble by 3.3% in the 2nd quarter. Jag Capital Management LLC now owns 21,934 shares of the company’s stock valued at $1,712,000 after purchasing an additional 706 shares during the last quarter. Hedge funds and other institutional investors own 58.46% of the company’s stock.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 4,181 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total transaction of $349,197.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Valarie L. Sheppard sold 27,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total value of $2,177,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 147,186 shares of company stock valued at $12,080,849 over the last three months. 1.84% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on PG shares. Atlantic Securities started coverage on Procter & Gamble in a research note on Thursday, September 20th. They issued an “overweight” rating and a $94.00 price objective for the company. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Monday, July 9th. Deutsche Bank raised their price objective on Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Finally, Morgan Stanley raised their price objective on Procter & Gamble from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $85.21.

Shares of PG stock opened at $87.30 on Friday. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66. The company has a market cap of $206.37 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.73 and a beta of 0.59.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.45 billion. During the same period last year, the company earned $1.09 EPS. Procter & Gamble’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts expect that Procter & Gamble Co will post 4.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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