E Fund Management Co. Ltd. Purchases 4,695 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• E Fund Management Co. Ltd. increased its holdings in Procter & Gamble by 18.2% during the first quarter, owning a total of 30,433 shares valued at approximately $5.19 million.
• A variety of hedge funds have also significantly modified their stakes, with Nuveen LLC and GAMMA Investing LLC making notable new investments in Procter & Gamble.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, equating to an annual yield of 2.7% for investors of record by July 18th.

E Fund Management Co. Ltd. increased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,433 shares of the company's stock after purchasing an additional 4,695 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Procter & Gamble were worth $5,186,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PG. Northern Trust Corp lifted its stake in Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after purchasing an additional 2,703,757 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Procter & Gamble by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $2,966,252,000 after purchasing an additional 583,629 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Procter & Gamble by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after acquiring an additional 208,991 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Procter & Gamble by 15.8% during 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 worth $2,728,430,000 after acquiring an additional 2,224,912 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock worth $2,299,580,000 after acquiring an additional 2,228,151 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 1.0%

Shares of NYSE:PG traded down $1.58 during trading on Thursday, hitting $153.83. The stock had a trading volume of 6,342,893 shares, compared to its average volume of 7,504,851. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a market capitalization of $360.32 billion, a PE ratio of 23.63, a PEG ratio of 4.10 and a beta of 0.37. The firm's fifty day moving average is $157.38 and its 200 day moving average is $163.37. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $20.79 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. Analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial decreased their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Citigroup lowered their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company 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. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note 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. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.88.

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.