654,418 Shares in Procter & Gamble Company (The) $PG Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 654,418 shares of the company's stock, valued at approximately $95,964,000. Procter & Gamble comprises 1.2% of Citizens Financial Group Inc. RI's investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC raised its position in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. raised its position in Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after buying an additional 171 shares during the last quarter. Finally, Basso Capital Management L.P. acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $28,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $144.77 on Friday. The stock has a market capitalization of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm's 50 day simple moving average is $147.73 and its 200-day simple moving average is $148.69. 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 posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same period in the previous year, the business posted $1.48 EPS. The business's revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts expect that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on PG shares. HSBC reiterated a "hold" rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. UBS Group boosted their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a research report on Monday, April 27th. 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 report on Monday, April 27th. Wells Fargo & Company increased their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. Finally, Citigroup reduced their price objective on 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 equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source