248,544 Shares in Procter & Gamble Company (The) $PG Purchased by CORDA Investment Management LLC.

Key Points

• CORDA Investment Management initiated a 248,544-share position in Procter & Gamble valued at approximately $36.4 million, making PG 2.2% of its portfolio. Institutional investors and hedge funds collectively own 65.77% of the company.
• Analysts maintain a “Moderate Buy” consensus, with 13 Buy ratings and 11 Holds and an average price target of $161.52. Recent targets range from $152 to $170.
• PG opened at $143.00, down 1.0%, while its latest quarterly earnings of $1.43 per share exceeded estimates despite revenue slightly missing forecasts. The company pays an annualized dividend of $4.35, yielding about 3.0%.

CORDA Investment Management LLC. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 248,544 shares of the company's stock, valued at approximately $36,446,000. Procter & Gamble accounts for 2.2% of CORDA Investment Management LLC.'s holdings, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock worth $34,030,358,000 after purchasing an additional 2,829,151 shares in the last quarter. State Street Corp grew its holdings in Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after purchasing an additional 984,102 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock valued at $8,962,689,000 after buying an additional 1,974,556 shares in the last quarter. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter worth $4,664,783,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock worth $4,243,815,000 after buying an additional 1,091,091 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PG has been the topic of a number of research reports. Barclays increased their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. 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 report on Thursday, July 30th. BNP Paribas Exane reduced their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Finally, Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Stock Down 1.0%

PG opened at $143.00 on Friday. The firm has a market cap of $332.39 billion, a P/E ratio of 21.60, a PEG ratio of 4.45 and a beta of 0.39. The business's fifty day simple moving average is $147.83 and its 200 day simple moving average is $148.72. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Procter & Gamble Announces Dividend

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

About Procter & Gamble

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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