BlackRock Inc. Acquires New Holdings in Procter & Gamble Company (The) $PG

BlackRock Inc. acquired 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 and Exchange Commission (SEC). The institutional investor acquired 190,003,442 shares of the company's stock, valued at approximately $27,862,105,000. BlackRock Inc. owned 8.16% of Procter & Gamble as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $4,664,783,000. Bank of New York Mellon Corp acquired a new position in shares of Procter & Gamble during the second quarter valued at approximately $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Procter & Gamble during the second quarter worth approximately $1,480,650,000. Cardano Risk Management B.V. raised its holdings in Procter & Gamble by 1,104.8% during the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock worth $1,364,518,000 after purchasing an additional 8,731,126 shares in the last quarter. Finally, Auto Owners Insurance Co lifted its position in Procter & Gamble by 14,231.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company's stock worth $508,700,000 after purchasing an additional 3,524,876 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PG shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday. Sanford C. Bernstein assumed coverage on Procter & Gamble in a report on Thursday, June 11th. They issued a "market perform" rating and a $156.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Citigroup lowered their target price on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. dropped 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 report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Trading Up 1.3%

Procter & Gamble stock opened at $144.77 on Friday. The firm has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm's 50 day moving average price is $147.73 and its two-hundred day moving average price is $148.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.98 EPS 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 issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio 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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