Edgar Lomax Co. VA Has $29.99 Million Position in Procter & Gamble Company (The) $PG

Key Points

• Edgar Lomax Co. VA increased its holdings in Procter & Gamble by 61.3% during the 1st quarter, now owning approximately $29.99 million worth of shares, making it the firm's 21st largest investment.
• Procter & Gamble has recently experienced mixed ratings from analysts, with a current average target price of $175.94 and a consensus of "Moderate Buy" from equites research analysts.
• The company reported earnings per share of $1.48 for the last quarter, surpassing expectations, complemented by a recently announced quarterly dividend that yields 2.7%.

Edgar Lomax Co. VA boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175,965 shares of the company's stock after purchasing an additional 66,880 shares during the quarter. Procter & Gamble comprises approximately 1.9% of Edgar Lomax Co. VA's investment portfolio, making the stock its 21st largest holding. Edgar Lomax Co. VA's holdings in Procter & Gamble were worth $29,988,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Korea Investment CORP boosted its holdings in Procter & Gamble by 2.4% during the 1st quarter. Korea Investment CORP now owns 1,816,167 shares of the company's stock worth $309,511,000 after acquiring an additional 42,353 shares during the last quarter. Qtron Investments LLC boosted its holdings in shares of Procter & Gamble by 1.8% in the 1st quarter. Qtron Investments LLC now owns 29,453 shares of the company's stock worth $5,019,000 after buying an additional 522 shares during the last quarter. Alpha Family Trust boosted its holdings in shares of Procter & Gamble by 129.8% in the 1st quarter. Alpha Family Trust now owns 5,205 shares of the company's stock worth $887,000 after buying an additional 2,940 shares during the last quarter. Sand Hill Global Advisors LLC boosted its holdings in shares of Procter & Gamble by 1.5% in the 1st quarter. Sand Hill Global Advisors LLC now owns 52,831 shares of the company's stock worth $9,003,000 after buying an additional 795 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Procter & Gamble by 12.7% in the 1st quarter. Aptus Capital Advisors LLC now owns 241,826 shares of the company's stock worth $41,212,000 after buying an additional 27,175 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Piper Sandler boosted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Finally, Truist Financial lowered their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $175.94.

Procter & Gamble Stock Performance

NYSE PG opened at $154.30 on Monday. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a market cap of $361.43 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.07 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock's 50 day simple moving average is $157.19 and its 200-day simple moving average is $163.24.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's payout ratio is presently 64.82%.

About Procter & Gamble

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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