Liberty Wealth Management LLC Buys 16,770 Shares of The Procter & Gamble Company (NYSE:PG)

Liberty Wealth Management LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 286.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,628 shares of the company’s stock after buying an additional 16,770 shares during the period. Liberty Wealth Management LLC’s holdings in Procter & Gamble were worth $3,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. Ruedi Wealth Management Inc. boosted its stake in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Procter & Gamble during the second quarter valued at approximately $34,000. Vima LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $35,000. Finally, Quest Partners LLC acquired a new stake in Procter & Gamble in the second quarter worth $36,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PG. TD Cowen started coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 target price for the company. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Citigroup raised their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, BNP Paribas assumed coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Procter & Gamble Stock Up 0.2 %

PG opened at $175.99 on Monday. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $177.04. The company’s 50-day moving average price is $168.26 and its two-hundred day moving average price is $164.72. The stock has a market cap of $415.36 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 3.81 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,553 shares of company stock valued at $63,829,141. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company 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.