The Procter & Gamble Company (NYSE:PG) is Buckley Wealth Management LLC’s 8th Largest Position

Buckley Wealth Management LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,979 shares of the company’s stock after selling 850 shares during the period. Procter & Gamble comprises approximately 2.8% of Buckley Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Buckley Wealth Management LLC’s holdings in Procter & Gamble were worth $10,387,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Western Pacific Wealth Management LP purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $40,000. IAG Wealth Partners LLC grew its stake in Procter & Gamble by 31.0% in the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock worth $48,000 after acquiring an additional 75 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $50,000. James Reed Financial Services Inc. purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $53,000. Finally, Concorde Financial Corp purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $55,000. 63.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PG shares. Credit Suisse Group boosted their price objective on shares of Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. UBS Group lowered their price objective on shares of Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Barclays lowered their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set a “maintains” rating for the company in a research note on Tuesday. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $162.93.

Procter & Gamble Stock Performance

Shares of PG stock opened at $141.95 on Wednesday. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45. The firm has a market capitalization of $340.58 billion, a P/E ratio of 24.43, a P/E/G ratio of 4.31 and a beta of 0.36. The company’s fifty day moving average price is $143.02 and its two-hundred day moving average price is $151.29.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be issued a $0.913 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $3.65 dividend on an annualized basis and a yield of 2.57%. Procter & Gamble’s dividend payout ratio is currently 62.82%.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $145.12, for a total value of $232,046.88. Following the sale, the chief executive officer now owns 4,002 shares in the company, valued at approximately $580,770.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.51% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

(Get Rating)

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

Featured Stories

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.