Bell Investment Advisors Inc Takes $2.81 Million Position in Procter & Gamble Company (The) $PG

Bell Investment Advisors Inc bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,156 shares of the company's stock, valued at approximately $2,809,000. Procter & Gamble accounts for about 0.4% of Bell Investment Advisors Inc's holdings, making the stock its 18th largest holding.

Several other large investors have also recently bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 worth $25,000 after purchasing an additional 150 shares in the last quarter. Park Square Financial Group LLC lifted 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 during the last quarter. Evolution Wealth Management Inc. grew its stake in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after buying an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new position 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. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on PG. BMO Capital Markets upped their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Argus cut Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. UBS Group lifted their price target on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a research report on Monday, April 27th. HSBC reiterated a "hold" rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Finally, Evercore set a $162.00 target price 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 given a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $161.52.

Procter & Gamble Trading Up 1.3%

PG stock opened at $144.77 on Friday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The business has a fifty day moving average price of $147.73 and a 200 day moving average price of $148.69. The stock has a market capitalization of $336.51 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 4.40 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company 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%. Procter & Gamble's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend 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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