Bryn Mawr Trust Advisors LLC Makes New $18.18 Million Investment in Procter & Gamble Company (The) $PG

Key Points

• Bryn Mawr Trust Advisors initiated an $18.18 million position in Procter & Gamble during the second quarter, purchasing 123,997 shares. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding analyst expectations of $1.41, while revenue rose 1.5% year over year to $21.20 billion, slightly below estimates.
• The company pays an annualized dividend of $4.35 per share, yielding about 3.0%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $161.52, versus a recent share price of $144.47.

Bryn Mawr Trust Advisors LLC bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 123,997 shares of the company's stock, valued at approximately $18,183,000. Procter & Gamble makes up about 0.8% of Bryn Mawr Trust Advisors LLC's investment portfolio, making the stock its 23rd largest position.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock valued at $34,030,358,000 after buying an additional 2,829,151 shares during the last quarter. State Street Corp grew its stake in shares of Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock worth $14,563,008,000 after acquiring an additional 984,102 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Procter & Gamble by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock valued at $8,962,689,000 after acquiring an additional 1,974,556 shares in the last quarter. Norges Bank bought a new position in shares of Procter & Gamble during the fourth quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Procter & Gamble by 3.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock worth $4,243,815,000 after purchasing an additional 1,091,091 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

NYSE PG opened at $144.47 on Thursday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The stock has a 50-day moving average of $147.94 and a 200 day moving average of $148.78. The company has a market capitalization of $335.82 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 4.42 and a beta of 0.39. 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 posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for 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%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.98 EPS 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 given 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 is 65.71%.

Analyst Ratings Changes

Several analysts recently commented on PG shares. BNP Paribas Exane cut their price objective on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a report on Wednesday. UBS Group upped their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. HSBC reissued a "hold" rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Finally, Piper Sandler boosted their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $161.52.

Procter & Gamble 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source