Avalon Trust Co Acquires New Position in Procter & Gamble Company (The) $PG

Key Points

• Avalon Trust Co. purchased 7,288 shares of Procter & Gamble during the second quarter, valued at approximately $1.07 million. Institutional investors collectively own 65.77% of PG’s shares.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $161.52 compared with the stock’s reported price of $144.47.
• Procter & Gamble’s latest quarterly results slightly exceeded earnings expectations, reporting $1.43 in EPS versus $1.41 expected, while revenue rose 1.5% year over year to $21.20 billion. The company also pays a quarterly dividend of $1.0885 per share, representing a 3.0% annualized yield.

Avalon Trust Co purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,288 shares of the company's stock, valued at approximately $1,069,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after acquiring an additional 150 shares during the period. Litman Gregory Wealth Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC boosted its holdings in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% during 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. purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $28,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas Exane dropped their price target on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday, April 23rd. Sanford C. Bernstein started coverage on Procter & Gamble in a research note on Thursday, June 11th. They issued a "market perform" rating and a $156.00 price objective for the company. Jefferies Financial Group lifted their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a research report on Friday, June 26th. Rothschild & Co Redburn cut their price target on Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $163.00 price target on shares of 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $161.52.

Procter & Gamble Trading Up 0.7%

Shares of PG opened at $144.47 on Thursday. The firm has a market cap of $335.82 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 4.42 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The company has a 50 day simple moving average of $147.94 and a two-hundred day simple moving average of $148.78.

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

Procter & Gamble Dividend Announcement

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

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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