Tuesday, March 10, 2015

Stock Purchase -- Procter & Gamble Co (NYSE:PG)

On 03/10/15, I bought 30 shares PG at $82.00 per share.

With annual dividends at $2.56/share, I'll expect to receive $76.80 forward 12-month dividends from this purchase.  Details are as following:-



At the same time, I also wrote a July 17 put on PG, at strike price $75. The net premium is $83.90 after commission.  If it is assigned, I'll purchase 100 shares PG at purchase price $74.31/share.

3 comments:

  1. Like the written put. It actually outpaces the purchase with some downside protection.

    ReplyDelete
    Replies
    1. Thank you for the comment, FV. Yes, I feel comfortable about this put.

      Delete
  2. The utmost bullish viewpoint for the p&g stock is given by Credit Suisse research firm analyst Michael Steib. The $105 target price mentioned by the analyst is the highest by any research analyst. Conversely, Eane BNP Paribas analyst Mr. Jeff Stent has given the lowest price target of $83 to Proctor & Gamble Co (PG).

    ReplyDelete