10,282 Shares in Procter & Gamble Company (The) $PG Purchased by Fielder Capital Group LLC

Key Points

• Fielder Capital Group initiated a Procter & Gamble position by purchasing 10,282 shares valued at approximately $1.51 million. Institutional investors collectively own 65.77% of PG’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $161.52, compared with the reported trading price of $143.00.
• Procter & Gamble posted quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion. The company also pays an annualized dividend of $4.35 per share, yielding about 3.0%.

Fielder Capital Group LLC bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,282 shares of the company's stock, valued at approximately $1,508,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Carson Advisory Inc. grew its position in shares of Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company's stock valued at $1,738,000 after purchasing an additional 65 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Procter & Gamble by 1.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company's stock worth $549,000 after purchasing an additional 67 shares during the last quarter. Grant Street Asset Management Inc. raised its position in shares of Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company's stock worth $376,000 after purchasing an additional 69 shares during the last quarter. Cowa LLC lifted its stake in Procter & Gamble by 2.4% in the 4th quarter. Cowa LLC now owns 2,985 shares of the company's stock valued at $428,000 after buying an additional 70 shares in the last quarter. Finally, KLCM Advisors Inc. lifted its stake in Procter & Gamble by 0.9% in the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company's stock valued at $1,140,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on PG. Sanford C. Bernstein started coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a "market perform" rating and a $156.00 price target for the company. BMO Capital Markets upped their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. HSBC reaffirmed a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $163.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. Finally, Citigroup cut their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Trading Down 1.0%

Shares of PG opened at $143.00 on Friday. The stock has a fifty day moving average of $147.83 and a two-hundred day moving average of $148.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The company has a market capitalization of $332.39 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business's revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's dividend payout ratio is 65.71%.

Procter & Gamble Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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