Colonial Trust Advisors Boosts Stock Position in Procter & Gamble Company (The) $PG

Key Points

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Colonial Trust Advisors grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,104 shares of the company's stock after acquiring an additional 3,214 shares during the period. Procter & Gamble accounts for approximately 1.8% of Colonial Trust Advisors' portfolio, making the stock its 13th largest holding. Colonial Trust Advisors' holdings in Procter & Gamble were worth $19,957,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Navigoe LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. 10Elms LLP purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $34,000. Mizuho Securities Co. Ltd. raised its position in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $155.68 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $157.05 and a 200-day moving average of $163.17. The firm has a market cap of $364.66 billion, a P/E ratio of 23.91, a P/E/G ratio of 4.07 and a beta of 0.37. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results 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 company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. 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 is currently 64.98%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. BNP Paribas reissued an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble 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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