Diversified Trust Co. Reduces Holdings in Procter & Gamble Company (The) $PG

Key Points

• Diversified Trust Co. cut its Procter & Gamble stake by 52.1% in the second quarter, selling 60,393 shares and retaining 55,420 shares valued at approximately $8.1 million. Institutional investors collectively own 65.77% of PG.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $161.52, despite HSBC lowering its target to $149.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates, while revenue rose 1.5% year over year to $21.2 billion. The company also paid a quarterly dividend of $1.0885, representing an annualized yield of about 3.0%.

Diversified Trust Co. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 52.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,420 shares of the company's stock after selling 60,393 shares during the quarter. Diversified Trust Co.'s holdings in Procter & Gamble were worth $8,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC raised its position in shares of Procter & Gamble by 1.1% in the second quarter. Cary Street Partners Financial LLC now owns 104,829 shares of the company's stock valued at $15,372,000 after purchasing an additional 1,108 shares during the period. SeaBridge Investment Advisors LLC bought a new position in Procter & Gamble in the 2nd quarter worth approximately $315,000. Advocate Group LLC grew its stake in Procter & Gamble by 0.5% in the 2nd quarter. Advocate Group LLC now owns 64,837 shares of the company's stock valued at $9,508,000 after buying an additional 310 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in Procter & Gamble by 4.3% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 793,728 shares of the company's stock valued at $116,392,000 after buying an additional 32,746 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC raised its holdings in Procter & Gamble by 3.7% during the 2nd quarter. Heartwood Wealth Advisors LLC now owns 13,180 shares of the company's stock valued at $1,933,000 after acquiring an additional 470 shares during the period. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. HSBC reissued a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Sanford C. Bernstein initiated coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a "market perform" rating and a $156.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Finally, Evercore set a $162.00 price objective on shares of Procter & Gamble in a research note on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.52.

Procter & Gamble Stock Up 0.3%

PG opened at $143.57 on Wednesday. The business's fifty day simple moving average is $148.03 and its 200 day simple moving average is $148.82. 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 $333.72 billion, a PE ratio of 21.69, a P/E/G ratio of 4.45 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. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. 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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