Tuesday, January 10, 2017

Recent Buy --- PG


Today I started a position in P&G.





  • PG: 30 shares @ $83.67 --- Yield  3.20%

Total capital invested is $2516.99 and will add $80.40 to my yearly dividends. 

Yesterday both Procter and Coke were downgraded to sell by Goldman Sachs with target prices of 77 and 39 (target yields of around 3.5%). Both are due for dividend raises soon. I'll definitely use the opportunity to add to both positions if they display further weakness. 

Also GIS is closing in on $60 so I am certainly looking to initiate a position soon. 

Forward dividends are around $6200.00



14 comments:

  1. Nice buy! I have shares on PG. I am eyeing on KO, and would like to buy a lot if it ever drops below $40.

    ReplyDelete
    Replies
    1. MU,

      It looks like KO is getting closer to $40. I last bought at $39.99 on a limit order a month or so ago. I would love to add more!

      MDP

      Delete
  2. Solid Bobby Orr Score MDP! I got my eye on this bad boy as well! Will add more just below $80, if it gets there. Salivating at the thought of adding GIS below $60. Cheers!

    ReplyDelete
    Replies
    1. Anon,

      GIS below $60 sounds really good. I'll be watching as well!

      MDP

      Delete
  3. I had some capital from the sale of some gold and silver trades and grabbed GIS / PG / and a small position in LB keep it up you are inspiring for my 24 year old self

    ReplyDelete
    Replies
    1. AG,

      Thanks for the kind words. GIS and PG are high on my list right now! I need a true food company in the portfolio. Would rather get MCD, but the price just won't come down far enough. GIS is a great alternative.

      MDP

      Delete
  4. Nice buy MDP!

    Indeed the Consumer Staples are finally getting a better value. UL is in the same boat as is SJM. I guess we should thank Wall Street for downgrading bread...

    - Gremlin

    ReplyDelete
    Replies
    1. DG,

      I agree with UL. Especially below $40.

      MDP

      Delete
  5. I like this buy. I was going to add this to my watchlist as well. Cheers! 10

    ReplyDelete
    Replies
    1. 10,

      Sounds good. Keep building that portfolio! You're doing great.

      MDP

      Delete
  6. MDP -

    Welcome to the PG club, eyeing them down, as well, and there are 7 days before they go ex-dividend... keep that in mind in case they go lower. I may scoop up some more to get to the position I want with them. Love their brands. Div increase come April.

    -Lanny

    ReplyDelete
    Replies
    1. DD,

      Yes it would be great to get a full 4 quarters of dividend payments out of this iconic company. Keep killing it over there!

      MDP

      Delete
  7. Good buy. I sold a put on PG yesterday. If it drops a few bucks, I'll be the proud owner of 100 shares.

    ReplyDelete
    Replies
    1. IH,

      You are really throwing the lines out into the water! I love watching the big action moves.

      MDP

      Delete