The Procter & Gamble Company (NYSE:PG) Shares Bought by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. lifted its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,728 shares of the company’s stock after buying an additional 68 shares during the period. Procter & Gamble accounts for approximately 1.1% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 20th largest holding. Pacific Wealth Strategies Group Inc.’s holdings in Procter & Gamble were worth $1,631,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its holdings in shares of Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after buying an additional 1,466,115 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in Procter & Gamble by 49.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 80,820 shares of the company’s stock valued at $13,996,000 after acquiring an additional 26,910 shares in the last quarter. Fiduciary Financial Group LLC increased its stake in Procter & Gamble by 2.6% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,617 shares of the company’s stock worth $608,000 after buying an additional 91 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Procter & Gamble by 1.5% in the third quarter. Valeo Financial Advisors LLC now owns 87,368 shares of the company’s stock valued at $15,132,000 after purchasing an additional 1,301 shares during the last quarter. Finally, First Affirmative Financial Network grew its position in shares of Procter & Gamble by 23.1% during the third quarter. First Affirmative Financial Network now owns 8,434 shares of the company’s stock worth $1,461,000 after buying an additional 1,581 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.5 %

PG stock opened at $167.99 on Friday. The company’s 50 day simple moving average is $167.30 and its 200-day simple moving average is $169.40. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market capitalization of $393.91 billion, a P/E ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $21.66 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group decreased their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,097 shares of company stock valued at $25,635,076. Corporate insiders own 0.18% of the company’s stock.

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.