26,731 Shares in Procter & Gamble Company (The) $PG Bought by Investmark Advisory Group LLC

Key Points

• Investmark Advisory Group LLC acquired 26,731 Procter & Gamble shares worth approximately $3.92 million in the second quarter, making PG its 15th-largest holding and about 1.5% of its portfolio. Institutional investors collectively own 65.77% of the company.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $161.52.
• The company pays a quarterly dividend of $1.0885 per share, equivalent to approximately $4.35 annually and a 3.0% yield, with a payout ratio of 65.71%.

Investmark Advisory Group LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,731 shares of the company's stock, valued at approximately $3,920,000. Procter & Gamble makes up approximately 1.5% of Investmark Advisory Group LLC's investment portfolio, making the stock its 15th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Baxter Bros Inc. purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $12,381,000. Cibc World Market Inc. lifted its holdings in shares of Procter & Gamble by 40.6% in the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after buying an additional 147,701 shares during the period. World Investment Advisors lifted its holdings in shares of Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company's stock worth $15,179,000 after buying an additional 14,492 shares during the period. Resources Management Corp CT ADV grew its position in shares of Procter & Gamble by 41.8% during the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock worth $11,681,000 after buying an additional 24,010 shares in the last quarter. Finally, Indivisible Partners purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $2,120,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $144.77 on Monday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The business's fifty day simple moving average is $147.73 and its 200-day simple moving average is $148.66. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The company has a market cap of $336.51 billion, a PE ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39.

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, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the previous year, the business earned $1.48 EPS. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PG shares. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. HSBC reaffirmed a "hold" rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Finally, Sanford C. Bernstein began coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a "market perform" rating and a $156.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.52.

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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