Buckingham Asset Management LLC Has $6.20 Million Stock Position in Procter & Gamble Co (NYSE:PG)
Buckingham Asset Management LLC grew its position in Procter & Gamble Co (NYSE:PG) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 56,339 shares of the company’s stock after buying an additional 914 shares during the period. Buckingham Asset Management LLC’s holdings in Procter & Gamble were worth $6,197,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in PG. Wedbush Securities Inc. grew its stake in shares of Procter & Gamble by 3.7% during the fourth quarter. Wedbush Securities Inc. now owns 51,782 shares of the company’s stock worth $6,468,000 after purchasing an additional 1,869 shares during the period. Allworth Financial LP lifted its holdings in shares of Procter & Gamble by 36.6% in the fourth quarter. Allworth Financial LP now owns 16,625 shares of the company’s stock valued at $2,076,000 after purchasing an additional 4,451 shares in the last quarter. Arlington Partners LLC lifted its holdings in shares of Procter & Gamble by 10.8% in the fourth quarter. Arlington Partners LLC now owns 2,852 shares of the company’s stock valued at $356,000 after purchasing an additional 277 shares in the last quarter. Comprehensive Portfolio Management LLC raised its holdings in Procter & Gamble by 8.9% during the fourth quarter. Comprehensive Portfolio Management LLC now owns 9,595 shares of the company’s stock worth $1,198,000 after acquiring an additional 786 shares in the last quarter. Finally, Peterson Wealth Management bought a new stake in Procter & Gamble during the fourth quarter worth about $266,000. 64.03% of the stock is owned by institutional investors and hedge funds.
In other Procter & Gamble news, Director Nelson Peltz sold 404,714 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $113.01, for a total transaction of $45,736,729.14. Following the completion of the sale, the director now directly owns 3,891 shares in the company, valued at $439,721.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 7,360 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total value of $883,200.00. Following the sale, the chief executive officer now owns 44,746 shares of the company’s stock, valued at $5,369,520. The disclosure for this sale can be found here. Insiders have sold 8,802,488 shares of company stock valued at $1,048,532,939 over the last 90 days. Corporate insiders own 1.75% of the company’s stock.
Shares of NYSE:PG opened at $114.61 on Friday. The company has a market capitalization of $287.05 billion, a P/E ratio of 64.75, a P/E/G ratio of 3.26 and a beta of 0.44. Procter & Gamble Co has a 1 year low of $94.34 and a 1 year high of $128.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.83 and a quick ratio of 0.66. The business’s 50 day simple moving average is $115.71 and its 200 day simple moving average is $120.53.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. The business had revenue of $17.21 billion for the quarter, compared to the consensus estimate of $17.29 billion. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 earnings per share. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a dividend of $0.7907 per share. The ex-dividend date was Thursday, April 23rd. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.75. This represents a $3.16 annualized dividend and a yield of 2.76%. Procter & Gamble’s dividend payout ratio is presently 69.91%.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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