ASR Vermogensbeheer N.V. Purchases Shares of 259,988 Procter & Gamble Company (The) (NYSE:PG)

Key Points

• ASR Vermogensbeheer N.V. acquired 259,988 shares of Procter & Gamble, valued at approximately $44.3 million, making PG its 29th largest holding.
• Several institutions, including Northern Trust Corp and Goldman Sachs, significantly increased their positions in Procter & Gamble during the last quarter.
• Procter & Gamble's latest quarterly earnings beat estimates, with an EPS of $1.48 compared to the expected $1.42, contributing to an annualized dividend of $4.23.

ASR Vermogensbeheer N.V. purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 259,988 shares of the company's stock, valued at approximately $44,307,000. Procter & Gamble comprises approximately 0.7% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 29th biggest position.

A number of other institutional investors have also recently made changes to their positions in PG. Navigoe LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. 10Elms LLP bought a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. Sunbeam Capital Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. lifted its position in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of PG stock traded up $0.06 on Friday, hitting $153.55. 5,810,954 shares of the stock traded hands, compared to its average volume of 8,068,523. The firm has a market cap of $359.67 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 4.05 and a beta of 0.37. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The firm has a 50 day simple moving average of $158.26 and a two-hundred day simple moving average of $163.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's payout ratio is currently 64.98%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Wells Fargo & Company lowered their price objective 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. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Citigroup decreased their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Piper Sandler increased their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, 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. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $175.88.

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.