Bridgewater Advisors Inc. Acquires Shares of 23,745 Procter & Gamble Company (The) $PG

Key Points

• Bridgewater Advisors acquired 23,745 Procter & Gamble shares during the second quarter, valued at approximately $3.36 million. Institutional investors collectively own 65.77% of PG.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $161.52; recent targets range from $152 to $170.
• Procter & Gamble’s latest quarterly earnings of $1.43 per share exceeded estimates, while revenue rose 1.5% year over year to $21.2 billion. The company pays an annualized dividend of $4.35, yielding about 3.0%.

Bridgewater Advisors Inc. bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,745 shares of the company's stock, valued at approximately $3,363,000.

Other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its stake 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 valued at $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC lifted its stake 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 in the last quarter. Evolution Wealth Management Inc. boosted its holdings in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after buying an additional 171 shares during the period. Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble in 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 $28,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Evercore set a $162.00 target price on Procter & Gamble in a research note on Monday, April 27th. Argus lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Barclays lifted their price target on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Finally, 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 research report on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Stock Up 0.7%

PG opened at $144.47 on Thursday. The business's fifty day simple moving average is $147.94 and its 200 day simple moving average is $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 quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market cap of $335.82 billion, a PE 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 issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company's revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, research 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 announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. 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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