Trueblood Wealth Management LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Trueblood Wealth Management LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

A number of other institutional investors also recently bought and sold shares of the business. Gilbert & Cook Inc. boosted its stake in Procter & Gamble by 7.7% in the fourth quarter. Gilbert & Cook Inc. now owns 17,215 shares of the company’s stock valued at $2,523,000 after acquiring an additional 1,237 shares in the last quarter. Gryphon Financial Partners LLC increased its position 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 buying an additional 6,390 shares during the period. Boston Partners lifted its stake in Procter & Gamble by 10.6% in the fourth quarter. Boston Partners now owns 32,581 shares of the company’s stock valued at $4,774,000 after buying an additional 3,114 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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. purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $300,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the transaction, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the insider now owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The disclosure for this sale can be found here. Insiders have sold a total of 375,553 shares of company stock valued at $63,829,141 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 2.2 %

Shares of NYSE PG opened at $173.88 on Thursday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $177.94. The firm has a market cap of $410.38 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 3.81 and a beta of 0.41. The firm’s 50 day moving average price is $169.01 and its 200 day moving average price is $165.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. During the same period last year, the company earned $1.37 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PG shares. Citigroup increased their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. Evercore ISI increased their price objective on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus increased their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

About Procter & Gamble

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.