Procter & Gamble Company (The) $PG Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its holdings in Procter & Gamble Company by 0.9%, owning approximately 2.81 million shares valued at $477.90 million.
• Procter & Gamble reported a quarterly earnings per share of $1.48, beating the consensus estimate by $0.06, with quarterly revenue up by 1.7% year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, with an annualized dividend yield of 2.7%.

Aberdeen Group plc grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,813,239 shares of the company's stock after acquiring an additional 25,502 shares during the quarter. Procter & Gamble comprises approximately 0.9% of Aberdeen Group plc's investment portfolio, making the stock its 15th largest holding. Aberdeen Group plc owned about 0.12% of Procter & Gamble worth $477,899,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Navigoe LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at $31,000. 10Elms LLP purchased a new position in Procter & Gamble in the fourth quarter valued at $34,000. Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. increased its stake in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on PG shares. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Raymond James Financial cut their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Piper Sandler increased their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Finally, Wells Fargo & Company cut their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.94.

Procter & Gamble Trading Up 0.4%

Shares of PG traded up $0.56 during mid-day trading on Friday, reaching $154.30. The stock had a trading volume of 7,120,993 shares, compared to its average volume of 7,395,259. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The firm has a market cap of $361.43 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 4.07 and a beta of 0.37. The business's fifty day moving average is $157.19 and its 200 day moving average is $163.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 64.82%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.