Adams Asset Advisors LLC increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 42.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,909 shares of the company's stock after buying an additional 8,865 shares during the quarter. Adams Asset Advisors LLC's holdings in Procter & Gamble were worth $4,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Carson Advisory Inc. increased its stake in Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company's stock valued at $1,738,000 after purchasing an additional 65 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Procter & Gamble by 1.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company's stock valued at $549,000 after buying an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. increased its position in Procter & Gamble by 2.7% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company's stock valued at $376,000 after buying an additional 68 shares in the last quarter. Grant Street Asset Management Inc. raised its stake in Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company's stock worth $376,000 after buying an additional 69 shares during the period. Finally, Cowa LLC raised its stake in Procter & Gamble by 2.4% during the 4th quarter. Cowa LLC now owns 2,985 shares of the company's stock worth $428,000 after buying an additional 70 shares during the period. Institutional investors own 65.77% of the company's stock.
Procter & Gamble Stock Up 0.1%
Shares of NYSE PG opened at $144.29 on Friday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The business has a 50-day simple moving average of $148.21 and a two-hundred day simple moving average of $148.92. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market cap of $335.40 billion, a P/E ratio of 21.80, a P/E/G ratio of 4.44 and a beta of 0.39.
Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. Procter & Gamble's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Research analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 24th. Procter & Gamble's payout ratio is 65.71%.
Procter & Gamble News Roundup
Here are the key news stories impacting Procter & Gamble this week:
Wall Street Analysts Forecast Growth
A number of brokerages have commented on PG. Evercore set a $162.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. HSBC reiterated a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Argus downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. UBS Group upped their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.52.
Get Our Latest Analysis on Procter & Gamble
Procter & Gamble Company Profile
(
Free Report)
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.
See Also
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