51,409 Shares in Procter & Gamble Company (The) $PG Bought by 1ST Source Bank

1ST Source Bank bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,409 shares of the company's stock, valued at approximately $7,539,000.

Several other large investors also recently modified their holdings of the business. Elite Life Management LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at $235,000. Fielder Capital Group LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $1,508,000. Dodds Wealth LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $226,000. SCS Capital Management LLC bought a new stake in shares of Procter & Gamble in the second quarter worth $10,071,000. Finally, CORDA Investment Management LLC. bought a new stake in shares of Procter & Gamble in the second quarter worth $36,446,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG opened at $143.00 on Friday. The firm has a 50-day moving average of $147.83 and a 200-day moving average of $148.72. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a market cap 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. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.

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

Procter & Gamble Dividend Announcement

The firm also recently announced 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. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's payout ratio is currently 65.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Evercore set a $162.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Barclays raised their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday. Finally, HSBC reissued a "hold" rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target 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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