Brandywine Global Investment Management LLC Raises Stake in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Brandywine Global Investment Management LLC increased its stake in Procter & Gamble by 23% in the first quarter, now holding 156,769 shares valued at approximately $26.7 million.
• Procter & Gamble recently reported quarterly earnings of $1.48 per share, exceeding estimates and reflecting a 1.7% increase in revenue compared to the previous year.
• Analysts' ratings for Procter & Gamble vary, with a consensus of “Moderate Buy” and a price target averaging around $175.94.

Brandywine Global Investment Management LLC boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 23.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,769 shares of the company's stock after acquiring an additional 29,322 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Procter & Gamble were worth $26,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Navigoe LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at about $31,000. 10Elms LLP purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Mizuho Securities Co. Ltd. raised its holdings in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after acquiring an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on PG. Barclays set a $164.00 price target on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Wells Fargo & Company reduced their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Piper Sandler increased their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.94.

Procter & Gamble Price Performance

Shares of PG stock opened at $154.30 on Friday. The firm has a market cap of $361.43 billion, a P/E ratio of 23.70, a P/E/G ratio of 4.06 and a beta of 0.37. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The business's 50 day moving average price is $157.19 and its 200-day moving average price is $163.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.40 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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