Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by FCA Corp TX

Key Points

• FCA Corp TX significantly increased its stake in Procter & Gamble by 219.6%, acquiring an additional 3,097 shares, bringing their total holdings to 4,507 shares valued at approximately $768,000.
• Procter & Gamble reported a quarterly earnings per share of $1.48, surpassing estimates, and achieved a revenue of $20.89 billion, reflecting a 1.7% year-over-year increase.
• The company declared a quarterly dividend of $1.0568 per share, representing a 2.7% yield, with the payment scheduled for August 15th after the record date of July 18th.

FCA Corp TX increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 219.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,507 shares of the company's stock after acquiring an additional 3,097 shares during the period. FCA Corp TX's holdings in Procter & Gamble were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Northern Trust Corp grew its position in shares of Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after acquiring an additional 583,629 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Procter & Gamble by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock valued at $2,911,989,000 after acquiring an additional 208,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after acquiring an additional 2,224,912 shares during the period. Finally, Invesco Ltd. grew its position in shares of Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after acquiring an additional 2,228,151 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.4%

Shares of PG stock traded up $0.56 during mid-day 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 7,406,037. The company's 50 day simple moving average is $157.19 and its 200-day simple moving average is $163.27. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month 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 firm has a market capitalization 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.

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 (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm's quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PG. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Truist Financial cut their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. BNP Paribas reissued an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Friday. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Seven 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. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $175.94.

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.