30,047 Shares in Procter & Gamble Company (The) $PG Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners purchased 30,047 Procter & Gamble shares worth approximately $4.4 million, while institutional investors overall own 65.77% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $161.52, despite some firms recently lowering their targets.
• Procter & Gamble beat quarterly EPS estimates with $1.43 per share, while revenue rose 1.5% year over year to $21.20 billion. The company also paid a quarterly dividend of $1.0885 per share, representing a 3.0% annualized yield.

GSA Capital Partners LLP purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,047 shares of the company's stock, valued at approximately $4,406,000. Procter & Gamble makes up approximately 0.3% of GSA Capital Partners LLP's portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. lifted its stake in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after acquiring an additional 277 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Procter & Gamble by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after acquiring an additional 1,016 shares in the last quarter. Auxano Advisors LLC grew its position in Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock worth $1,165,000 after acquiring an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after purchasing an additional 809 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Bank of America cut their price target on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. BMO Capital Markets lifted their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Citigroup reduced their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, TD Cowen upped their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research report on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Trading Up 0.7%

Shares of PG stock opened at $144.47 on Thursday. The company has a market cap of $335.82 billion, a P/E ratio of 21.82, a PEG ratio of 4.42 and a beta of 0.39. The stock has a 50 day simple moving average of $147.94 and a two-hundred day simple moving average of $148.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. 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 results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The firm 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 company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Research analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid 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 currently 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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