Procter & Gamble Company (The) $PG Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Procter & Gamble by 7.2%, acquiring an additional 697,366 shares, bringing its total holdings to 10,409,865 shares.
• Analysts have set a range of target prices for Procter & Gamble, with the average target price currently at $175.88 and an overall rating of "Moderate Buy".
• Procter & Gamble declared a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.7%.

Dimensional Fund Advisors LP increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,409,865 shares of the company's stock after buying an additional 697,366 shares during the period. Procter & Gamble comprises 0.4% of Dimensional Fund Advisors LP's portfolio, making the stock its 21st largest holding. Dimensional Fund Advisors LP owned 0.44% of Procter & Gamble worth $1,773,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Unique Wealth LLC boosted its stake in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after buying an additional 61 shares in the last quarter. Stableford Capital II LLC lifted its stake in shares of Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after acquiring an additional 61 shares during the period. Bernard Wealth Management Corp. increased its holdings in Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after purchasing an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after purchasing an additional 63 shares in the last quarter. Finally, Kolinsky Wealth Management LLC increased its holdings in Procter & Gamble by 1.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial decreased their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Piper Sandler upped their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Evercore ISI reissued an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. BNP Paribas restated an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday. Finally, Bank of America reduced their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble Stock Up 0.4%

Shares of Procter & Gamble stock traded up $0.56 during trading on Friday, reaching $154.30. The company's stock had a trading volume of 7,120,993 shares, compared to its average volume of 7,395,259. The company has a 50-day simple moving average of $157.19 and a two-hundred day simple moving average of $163.24. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market cap of $361.43 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 4.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly 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 analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.82%.

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.