The Procter & Gamble Company (NYSE:PG) Shares Bought by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,381 shares of the company’s stock after acquiring an additional 684 shares during the period. Buckingham Capital Management Inc.’s holdings in Procter & Gamble were worth $2,486,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners bought a new stake in Procter & Gamble in the 4th quarter valued at about $28,000. GW&K Investment Management LLC bought a new stake in Procter & Gamble in the 1st quarter valued at about $28,000. IAG Wealth Partners LLC lifted its position in Procter & Gamble by 58.8% in the 1st quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. Kepos Capital LP bought a new stake in Procter & Gamble in the 4th quarter valued at about $38,000. Finally, Ten Capital Wealth Advisors LLC lifted its position in Procter & Gamble by 325.8% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after purchasing an additional 202 shares during the last quarter. 63.43% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $154.05 on Tuesday. The firm’s 50 day simple moving average is $153.35 and its 200-day simple moving average is $150.37. The company has a market cap of $363.14 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.44. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $158.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, July 28th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.32 by $0.05. The business had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.38 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, July 20th. Procter & Gamble’s dividend payout ratio is currently 63.73%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 884 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $154.49, for a total transaction of $136,569.16. Following the completion of the sale, the insider now directly owns 8,073 shares in the company, valued at $1,247,197.77. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,387 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total value of $1,315,668.69. Following the completion of the sale, the chief executive officer now directly owns 962 shares in the company, valued at $150,908.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Street Whaley sold 884 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $154.49, for a total transaction of $136,569.16. Following the completion of the sale, the insider now owns 8,073 shares of the company’s stock, valued at $1,247,197.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent research reports. Bank of America lifted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Finally, William Blair initiated coverage on shares of Procter & Gamble in a research note on Friday, September 8th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.82.

About Procter & Gamble

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.