Alpha Family Trust Boosts Stake in Procter & Gamble Company (The) $PG

Key Points

• Alpha Family Trust increased its stake in Procter & Gamble by 129.8% in the first quarter, owning 5,205 shares valued at $887,000.
• Procter & Gamble recently reported earnings of $1.48 EPS, exceeding the consensus estimate and demonstrating a 1.7% revenue growth year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, yielding 2.7% annually, with a payout ratio of 64.82%.

Alpha Family Trust raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 129.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,205 shares of the company's stock after buying an additional 2,940 shares during the quarter. Alpha Family Trust's holdings in Procter & Gamble were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Navigoe LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $31,000. 10Elms LLP purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $34,000. Mizuho Securities Co. Ltd. boosted its holdings 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 worth $34,000 after purchasing an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.4%

Shares of NYSE:PG opened at $154.30 on Monday. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The firm has a market capitalization of $361.43 billion, a P/E ratio of 23.70, a P/E/G ratio of 4.07 and a beta of 0.37. The stock has a 50 day moving average price of $157.19 and a 200-day moving average price of $163.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PG. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. BNP Paribas restated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday. Finally, Evercore ISI restated an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $175.94.

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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