Charles Schwab Investment Management Inc. Increases Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Procter & Gamble by 1.2%, acquiring 208,991 shares during the first quarter, bringing its total holdings to approximately $2.91 billion.
• Procter & Gamble recently reported $1.48 EPS for the last quarter, surpassing analyst expectations of $1.42, with a net margin of 18.95% and revenue of $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, reflecting a 2.8% dividend yield and a payout ratio of 64.98%.

Charles Schwab Investment Management Inc. raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,090,898 shares of the company's stock after buying an additional 208,991 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.73% of Procter & Gamble worth $2,911,989,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Northern Trust Corp raised its stake in Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Procter & Gamble by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after buying an additional 583,629 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Procter & Gamble by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after buying an additional 2,224,912 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Procter & Gamble by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company's stock valued at $1,628,252,000 after buying an additional 267,534 shares during the period. Finally, GAMMA Investing LLC boosted its position in Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after acquiring an additional 7,913,335 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.0%

Shares of NYSE:PG traded up $0.06 during midday trading on Friday, hitting $153.55. 5,810,954 shares of the company's stock traded hands, compared to its average volume of 8,068,523. The firm's fifty day moving average price is $158.26 and its two-hundred day moving average price is $163.68. 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 Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a market cap of $359.67 billion, a PE ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Analyst Ratings Changes

Several research analysts have weighed in on PG shares. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Wells Fargo & Company dropped their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Barclays set a $164.00 price target on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $175.88.

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.