Ethic Inc. Has $7.37 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Ethic Inc. increased its holdings in Procter & Gamble by 17.4% in Q1, bringing its total investment to approximately $7.37 million with 43,206 shares owned.
• Procter & Gamble reported an earnings per share (EPS) of $1.48, surpassing estimates by $0.06, with revenues totaling $20.89 billion for the quarter.
• The company announced a quarterly dividend of $1.0568 per share, resulting in an annualized dividend of $4.23 and a dividend yield of 2.7%.

Ethic Inc. grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 43,206 shares of the company's stock after acquiring an additional 6,399 shares during the period. Ethic Inc.'s holdings in Procter & Gamble were worth $7,369,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PG. Brighton Jones LLC raised its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after purchasing an additional 284,174 shares during the last quarter. Marshall Wace LLP raised its position in Procter & Gamble by 134.4% during the 4th quarter. Marshall Wace LLP now owns 179,672 shares of the company's stock worth $30,122,000 after purchasing an additional 103,024 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in Procter & Gamble during the 4th quarter worth $67,000. Finally, Capital International Sarl raised its position in Procter & Gamble by 34.7% during the 4th quarter. Capital International Sarl now owns 3,476 shares of the company's stock worth $583,000 after purchasing an additional 896 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG opened at $154.30 on Friday. 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 has a 50-day moving average of $157.19 and a 200-day moving average of $163.29. The company has a market cap of $361.43 billion, a PE ratio of 23.70, a P/E/G ratio of 4.06 and a beta of 0.37. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.40 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on PG shares. Wells Fargo & Company lowered their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Citigroup decreased their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Seven equities research 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 company's stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $175.94.

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.

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