American Century Companies Inc. Purchases 309,879 Shares of Procter & Gamble Company (The) $PG

Key Points

• American Century Companies Inc. increased its stake in Procter & Gamble by 19.0%, owning approximately 1,941,192 shares, valued at $330.8 million.
• Procter & Gamble reported $1.48 EPS for the latest quarter, exceeding expectations, with a net margin of 18.95% and a revenue increase of 1.7% year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, representing a 2.7% yield and a payout ratio of 64.98%.

American Century Companies Inc. grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 19.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,941,192 shares of the company's stock after purchasing an additional 309,879 shares during the period. American Century Companies Inc. owned about 0.08% of Procter & Gamble worth $330,818,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Northern Trust Corp lifted its position in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after buying an additional 2,703,757 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $2,966,252,000 after buying an additional 583,629 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Procter & Gamble by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after buying an additional 208,991 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock worth $2,728,430,000 after buying an additional 2,224,912 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock worth $2,299,580,000 after buying an additional 2,228,151 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.4%

Shares of NYSE:PG traded up $0.56 during mid-day trading on Friday, reaching $154.30. The stock had a trading volume of 7,120,993 shares, compared to its average volume of 7,395,259. The firm has a market cap of $361.43 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37. The firm has a 50 day simple moving average of $157.19 and a two-hundred day simple moving average of $163.24. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid 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 is presently 64.82%.

Analyst Upgrades and Downgrades

PG has been the topic of several research reports. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Truist Financial cut their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company cut their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Seven 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

Procter & Gamble Company 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.