The Procter & Gamble Company (NYSE:PG) Shares Bought by Bouchey Financial Group Ltd

Bouchey Financial Group Ltd boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,781 shares of the company’s stock after purchasing an additional 84 shares during the period. Bouchey Financial Group Ltd’s holdings in Procter & Gamble were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble during the third quarter valued at $33,000. Bay Harbor Wealth Management LLC raised its position in shares of Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after acquiring an additional 243 shares during the period. New Wave Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth about $46,000. Costello Asset Management INC raised its position in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares during the period. Finally, DecisionPoint Financial LLC raised its position in shares of Procter & Gamble by 46.7% in the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock worth $55,000 after acquiring an additional 105 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on PG shares. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus upped 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 upped their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.42.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $172.07 on Friday. The firm has a 50 day simple moving average of $166.17 and a 200-day simple moving average of $169.49. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year 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 stock has a market cap of $403.48 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results 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 net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble’s payout ratio is currently 64.01%.

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.