Procter & Gamble Company (The) $PG Shares Acquired by Tucker Asset Management LLC

Tucker Asset Management LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 64.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,598 shares of the company’s stock after purchasing an additional 4,537 shares during the period. Tucker Asset Management LLC’s holdings in Procter & Gamble were worth $1,685,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Procter & Gamble in the second quarter worth $26,000. Montgomery Financial Services LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at $28,000. Paladin Partners LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at $29,000. Evergreen Advisors LLC purchased a new position in Procter & Gamble in the first quarter valued at $37,000. Finally, Toews Corp ADV purchased a new position in Procter & Gamble in the second quarter valued at $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc Pritchard sold 4,030 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Shailesh Jejurikar sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the sale, the chief executive officer directly owned 55,391 shares in the company, valued at approximately $9,033,718.19. The trade was a 38.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,647 shares of company stock valued at $9,268,508 over the last three months. 0.23% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 1.5%

Shares of NYSE PG opened at $163.99 on Tuesday. The company has a market capitalization of $380.10 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 3.89 and a beta of 0.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. The business has a 50-day moving average of $150.37 and a two-hundred day moving average of $149.04. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. During the same period in the prior year, the firm posted $1.99 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is 65.51%.

Wall Street Analyst Weigh In

Several research firms recently commented on PG. Evercore upgraded Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target on the stock in a report on Tuesday, October 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, October 22nd. DZ Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Citigroup boosted their price objective on Procter & Gamble from $180.00 to $187.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Finally, Barclays upped their target price on shares of Procter & Gamble from $152.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. Fifteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.