Buckley Wealth Management LLC Has $8.62 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Buckley Wealth Management LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 58,791 shares of the company’s stock after buying an additional 520 shares during the quarter. Procter & Gamble comprises approximately 3.0% of Buckley Wealth Management LLC’s holdings, making the stock its 9th largest holding. Buckley Wealth Management LLC’s holdings in Procter & Gamble were worth $8,615,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble in the second quarter valued at approximately $50,000. CGC Financial Services LLC purchased a new position in Procter & Gamble in the second quarter worth $55,000. VitalStone Financial LLC acquired a new position in shares of Procter & Gamble during the second quarter worth $60,000. Finally, RVW Wealth LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth $77,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PG shares. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a research note on Monday, March 11th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective on the stock. Barclays raised their target price on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Royal Bank of Canada increased their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.41.

Insider Activity

In other news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. In the last three months, insiders sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.1 %

PG stock traded down $0.14 during mid-day trading on Thursday, reaching $162.47. The company had a trading volume of 3,422,378 shares, compared to its average volume of 6,844,717. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The company has a market capitalization of $382.30 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The firm has a fifty day simple moving average of $158.17 and a 200 day simple moving average of $152.09.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same quarter last year, the company earned $1.59 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.