Buckley Wealth Management LLC Has $9.07 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Buckley Wealth Management LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,084 shares of the company’s stock after selling 370 shares during the quarter. Procter & Gamble makes up approximately 2.8% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Buckley Wealth Management LLC’s holdings in Procter & Gamble were worth $9,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Greatmark Investment Partners Inc. increased its stake in shares of Procter & Gamble by 5.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 9,566 shares of the company’s stock valued at $1,604,000 after buying an additional 535 shares during the period. First National Trust Co increased its stake in shares of Procter & Gamble by 2.5% in the fourth quarter. First National Trust Co now owns 105,318 shares of the company’s stock valued at $17,657,000 after buying an additional 2,538 shares during the period. Brown Miller Wealth Management LLC increased its stake in shares of Procter & Gamble by 1.2% in the fourth quarter. Brown Miller Wealth Management LLC now owns 20,915 shares of the company’s stock valued at $3,507,000 after buying an additional 242 shares during the period. Hilton Capital Management LLC increased its stake in shares of Procter & Gamble by 27.4% in the fourth quarter. Hilton Capital Management LLC now owns 1,583 shares of the company’s stock valued at $265,000 after buying an additional 340 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $222,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PG shares. Piper Sandler lowered their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Barclays increased their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.47.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $168.20 on Friday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The business’s fifty day moving average is $167.27 and its 200 day moving average is $169.80. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a market cap of $394.39 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period last year, the business earned $1.84 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble 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.