Ausdal Financial Partners Inc. Buys New Holdings in Procter & Gamble Company (The) $PG

Key Points

• Ausdal Financial Partners purchased 17,828 shares of Procter & Gamble in the second quarter, valued at approximately $2.6 million. Institutional investors and hedge funds collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding estimates of $1.41, while revenue rose 1.5% year over year to $21.20 billion. The company also maintains a quarterly dividend of $1.0885, equivalent to a 3.0% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $161.19, compared with PG’s reported share price of $143.71.

Ausdal Financial Partners Inc. purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,828 shares of the company's stock, valued at approximately $2,614,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Procter & Gamble during the 2nd quarter worth $27,862,105,000. State Street Corp lifted its stake in shares of Procter & Gamble by 1.0% during the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock worth $14,563,008,000 after purchasing an additional 984,102 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock worth $8,962,689,000 after buying an additional 1,974,556 shares during the period. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $4,664,783,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Procter & Gamble by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock valued at $4,243,815,000 after buying an additional 1,091,091 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG stock opened at $143.71 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The stock's 50 day moving average is $147.11 and its two-hundred day moving average is $148.28. The company has a market capitalization of $334.04 billion, a PE ratio of 21.71, a P/E/G ratio of 4.43 and a beta of 0.39.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. 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 65.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Citigroup lowered their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Sanford C. Bernstein reiterated a "market perform" rating and set a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. HSBC reissued a "hold" rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $161.19.

Insider Activity

In other news, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares of the company's stock, valued at approximately $3,880,748.31. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares of the company's stock, valued at $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source