BIP Wealth LLC Invests $3.62 Million in Procter & Gamble Company (The) $PG

Key Points

• BIP Wealth LLC acquired 24,655 Procter & Gamble shares during the second quarter, valued at approximately $3.62 million. Institutional investors collectively own 65.77% of PG’s outstanding stock.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and 11 Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $161.52.
• Procter & Gamble exceeded quarterly earnings expectations with EPS of $1.43, while revenue rose 1.5% year over year to $21.20 billion. The company’s annualized dividend is $4.35 per share, yielding approximately 3.0%.

BIP Wealth LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,655 shares of the company's stock, valued at approximately $3,615,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. increased its holdings in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Park Square Financial Group LLC boosted its stake 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 acquiring an additional 71 shares during the period. Evolution Wealth Management Inc. grew its position in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $26,000. Finally, Basso Capital Management L.P. bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $28,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of Procter & Gamble in a report on Wednesday. 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Citigroup cut their price objective on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Bank of America lowered their target price on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Price Performance

Shares of PG stock opened at $144.47 on Thursday. The stock has a 50 day moving average price of $147.94 and a 200 day moving average price of $148.78. 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 firm has a market capitalization of $335.82 billion, a P/E ratio of 21.82, a P/E/G ratio of 4.42 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The business 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%.The business's revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

About Procter & Gamble

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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