Pacific Wealth Strategies Group Inc. Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Pacific Wealth Strategies Group Inc. grew its holdings in The Procter & Gamble Company (NYSE:PG) by 3.9% during the third quarter, HoldingsChannel.com reports. The fund owned 9,660 shares of the company’s stock after purchasing an additional 360 shares during the quarter. Procter & Gamble makes up about 1.2% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 21st biggest holding. Pacific Wealth Strategies Group Inc.’s holdings in Procter & Gamble were worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble in the second quarter valued at $28,000. Fairway Wealth LLC acquired a new position in Procter & Gamble in the 2nd quarter worth $29,000. Ruedi Wealth Management Inc. boosted its position in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble during the second quarter valued at about $34,000. Finally, Quest Partners LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth about $36,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of analyst reports. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. DA Davidson lifted their price target on shares of Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $177.00.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $165.18 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The company has a market cap of $389.01 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 3.59 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The firm’s 50 day simple moving average is $171.70 and its 200-day simple moving average is $167.84.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s payout ratio is presently 69.48%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jon R. Moeller sold 72,174 shares of Procter & Gamble stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the completion of the sale, the chief executive officer now directly owns 263,158 shares in the company, valued at $45,002,649.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 389,144 shares of company stock valued at $66,184,385 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.