Asio Capital LLC Sells 14,762 Shares of Procter & Gamble Company (The) $PG

Asio Capital LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 68.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,651 shares of the company's stock after selling 14,762 shares during the period. Asio Capital LLC's holdings in Procter & Gamble were worth $975,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. raised its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Park Square Financial Group LLC raised its holdings in shares of Procter & Gamble by 65.1% during the 4th 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 in the last quarter. Evolution Wealth Management Inc. lifted its position in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after buying an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $26,000. Finally, Basso Capital Management L.P. bought a new position in Procter & Gamble during the fourth quarter valued at approximately $28,000. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Sanford C. Bernstein assumed coverage on shares of Procter & Gamble in a report on Thursday, June 11th. They set a "market perform" rating and a $156.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Finally, BMO Capital Markets boosted their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Stock Down 1.1%

Shares of Procter & Gamble stock opened at $143.03 on Tuesday. The company's 50 day moving average price is $148.13 and its 200-day moving average price is $148.85. 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 stock has a market capitalization of $332.46 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 4.45 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Procter & Gamble 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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