Abbot Financial Management Inc. Makes New $2.64 Million Investment in Procter & Gamble Company (The) $PG

Abbot Financial Management Inc. acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,016 shares of the company's stock, valued at approximately $2,642,000. Procter & Gamble comprises about 0.9% of Abbot Financial Management Inc.'s investment portfolio, making the stock its 27th biggest position.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on PG. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Jefferies Financial Group lifted their target price 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. TD Cowen boosted their target price 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. Finally, Barclays increased their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $144.77 on Friday. The company's fifty day moving average price is $147.73 and its 200 day moving average price is $148.69. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The firm has a market capitalization of $336.51 billion, a P/E ratio of 21.87, a P/E/G ratio of 4.40 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. 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. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a $1.0885 dividend. 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 dividend payout ratio (DPR) is 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.

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