Aljian Capital Management LLC Takes $1.11 Million Position in Procter & Gamble Company (The) $PG

Aljian Capital Management LLC acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,542 shares of the company's stock, valued at approximately $1,106,000.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its position in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock worth $493,000 after purchasing an additional 277 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Procter & Gamble by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock worth $979,000 after purchasing an additional 1,016 shares in the last quarter. Auxano Advisors LLC lifted its holdings in shares of Procter & Gamble by 10.8% in the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock valued at $1,165,000 after purchasing an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock valued at $4,809,000 after purchasing an additional 809 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 1.3%

Procter & Gamble stock opened at $144.77 on Friday. The stock has a 50-day moving average price of $147.73 and a 200 day moving average price of $148.69. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The stock has a market cap of $336.51 billion, a PE ratio of 21.87, a P/E/G ratio of 4.46 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate 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 EPS. The firm's revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a dividend of $1.0885 per share. 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 is 65.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Barclays increased their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. HSBC reissued a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Sanford C. Bernstein began coverage on shares of Procter & Gamble in a research note on Thursday, June 11th. They issued a "market perform" rating and a $156.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $161.52.

About Procter & Gamble

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.

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