The Procter & Gamble Company (NYSE:PG) Shares Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,924 shares of the company’s stock after buying an additional 137 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Procter & Gamble were worth $1,307,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Gilbert & Cook Inc. increased its stake in Procter & Gamble by 7.7% during the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after purchasing an additional 1,237 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in Procter & Gamble by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 84,360 shares of the company’s stock worth $12,341,000 after acquiring an additional 6,390 shares during the period. Boston Partners lifted its holdings in Procter & Gamble by 10.6% in the fourth quarter. Boston Partners now owns 32,581 shares of the company’s stock worth $4,774,000 after acquiring an additional 3,114 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Procter & Gamble by 5.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 333,669 shares of the company’s stock valued at $48,896,000 after acquiring an additional 16,762 shares during the period. Finally, Savvy Advisors Inc. bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $300,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 2.2 %

NYSE PG opened at $173.88 on Thursday. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94. The company has a market capitalization of $410.38 billion, a P/E ratio of 28.41, a PEG ratio of 3.81 and a beta of 0.41. The company’s 50 day simple moving average is $169.01 and its 200 day simple moving average is $165.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Analyst Ratings Changes

A number of research firms recently issued reports on PG. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, August 29th. Evercore ISI lifted their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Citigroup upped their target price on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now owns 13,072 shares in the company, valued at $2,212,043.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the sale, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,553 shares of company stock valued at $63,829,141. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble 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.