Aigen Investment Management LP Invests $1.09 Million in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Aigen Investment Management LP has invested approximately $1.09 million in Procter & Gamble by acquiring 6,410 shares during the first quarter.
• Procter & Gamble's recent quarterly earnings report revealed an EPS of $1.48, exceeding analysts' expectations, with revenue of $20.89 billion.
• The company plans to distribute a quarterly dividend of $1.0568 on August 15th, translating to an annualized yield of 2.8%.

Aigen Investment Management LP acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,410 shares of the company's stock, valued at approximately $1,092,000.

Several other hedge funds have also recently added to or reduced their stakes in PG. Brighton Jones LLC raised its stake in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after buying an additional 284,174 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at $7,721,000. Entruity Wealth LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth $352,000. Finally, Granite Investment Partners LLC grew its holdings in shares of Procter & Gamble by 1.2% during the 4th quarter. Granite Investment Partners LLC now owns 12,764 shares of the company's stock worth $2,140,000 after purchasing an additional 150 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. Raymond James Financial lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Trading Up 0.0%

PG opened at $153.55 on Monday. The firm has a market cap of $359.67 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.37. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The business's 50 day moving average is $158.26 and its two-hundred day moving average is $163.66. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's payout ratio is presently 64.98%.

Procter & Gamble 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.

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