9,439 Shares in Procter & Gamble Company (The) $PG Bought by Compass Wealth Management LLC

Key Points

• Compass Wealth Management initiated a Procter & Gamble position by purchasing 9,439 shares worth approximately $1.38 million in the second quarter. Institutional investors and hedge funds collectively own 65.77% of PG shares.
• 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, slightly below forecasts.
• The company paid a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 dividend and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $161.52.

Compass Wealth Management LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,439 shares of the company's stock, valued at approximately $1,384,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Procter & Gamble in the second quarter valued at $26,000. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $26,000. Park Square Financial Group LLC raised its stake in shares of 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. Finally, Evolution Wealth Management Inc. boosted its position in shares of Procter & Gamble by 1,315.4% in 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 in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.1%

PG stock opened at $144.77 on Monday. The company has a 50 day moving average price of $147.73 and a two-hundred day moving average price of $148.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The stock has a market capitalization of $336.51 billion, a P/E ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

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

Procter & Gamble Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays raised their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Rothschild & Co Redburn dropped their price target on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a research report on Monday, April 27th. Wells Fargo & Company upped their price objective on Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently 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