Alpine Woods Capital Investors LLC Makes New Investment in Procter & Gamble Company (The) $PG

Key Points

• Alpine Woods Capital Investors acquired 14,364 Procter & Gamble shares during the second quarter, worth approximately $2.1 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble exceeded quarterly EPS expectations, reporting $1.43 versus the $1.41 consensus estimate, while revenue rose 1.5% year over year to $21.20 billion but fell short of forecasts.
• The company maintains a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 payout and a 3.0% yield. Analysts assign PG a “Moderate Buy” consensus rating with an average price target of $161.52.

Alpine Woods Capital Investors LLC purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,364 shares of the company's stock, valued at approximately $2,106,000.

Other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its position in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $26,000. Park Square Financial Group LLC raised its position in shares of Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after buying an additional 171 shares during the period. Finally, Basso Capital Management L.P. acquired a new stake in Procter & Gamble during the fourth quarter worth about $28,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 1.3%

Shares of NYSE PG opened at $144.77 on Friday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The business has a fifty day moving average of $147.73 and a two-hundred day moving average of $148.69. The stock has a market cap of $336.51 billion, a PE ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for 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%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio is currently 65.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PG. Royal Bank Of Canada restated an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. TD Cowen boosted their price objective on Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research report on Monday, April 27th. Sanford C. Bernstein initiated coverage on Procter & Gamble in a research note on Thursday, June 11th. They issued a "market perform" rating and a $156.00 target price for the company. Finally, Evercore set a $162.00 target price on Procter & Gamble in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Company Profile

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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