Sound Income Strategies LLC Buys 545 Shares of The Procter & Gamble Company (NYSE:PG)

Sound Income Strategies LLC grew its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,553 shares of the company’s stock after acquiring an additional 545 shares during the quarter. Sound Income Strategies LLC’s holdings in Procter & Gamble were worth $842,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PG. EWG Elevate Inc. purchased a new position in Procter & Gamble in the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Procter & Gamble in the 3rd quarter worth $30,000. Belmont Capital LLC raised its stake in shares of Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after purchasing an additional 110 shares during the last quarter. Align Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $50,000. Finally, Horizons Wealth Management purchased a new stake in shares of Procter & Gamble during the second quarter valued at $52,000. 62.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 709 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the sale, the insider now owns 10,198 shares in the company, valued at $1,400,593.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now owns 226,748 shares in the company, valued at approximately $31,141,570.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock valued at $656,511 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PG shares. Raymond James boosted their target price on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. StockNews.com assumed coverage on shares of Procter & Gamble in a research report on Thursday. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $155.00 in a research report on Friday, March 3rd. Stifel Nicolaus increased their price target on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, January 20th. Finally, Wells Fargo & Company cut their price objective on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, January 20th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $155.67.

Procter & Gamble Stock Up 0.0 %

PG stock opened at $142.93 on Friday. The business’s 50-day moving average price is $141.73 and its 200-day moving average price is $140.64. The stock has a market cap of $337.19 billion, a P/E ratio of 25.08, a PEG ratio of 3.99 and a beta of 0.40. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $164.90.

Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.01. The business had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 earnings per share. On average, equities research analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were paid a $0.9133 dividend. The ex-dividend date of this dividend was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.56%. Procter & Gamble’s payout ratio is presently 64.04%.

Procter & Gamble Company Profile

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.