Flputnam Investment Management Co. Takes $12.72 Million Position in Procter & Gamble Company (The) $PG

Flputnam Investment Management Co. purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 86,757 shares of the company's stock, valued at approximately $12,722,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter worth about $4,664,783,000. Bank of New York Mellon Corp acquired a new stake in Procter & Gamble during the second quarter valued at approximately $2,281,505,000. Cardano Risk Management B.V. boosted its holdings in Procter & Gamble by 1,104.8% during the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock valued at $1,364,518,000 after purchasing an additional 8,731,126 shares in the last quarter. Auto Owners Insurance Co grew its stake in shares of Procter & Gamble by 14,231.0% in the 4th quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company's stock valued at $508,700,000 after purchasing an additional 3,524,876 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock worth $34,030,358,000 after buying an additional 2,829,151 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Trading Down 1.0%

PG opened at $143.00 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The company has a market cap of $332.39 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. The firm has a 50 day simple moving average of $147.83 and a 200 day simple moving average of $148.72. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted 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. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the company earned $1.48 EPS. The firm's revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is 65.71%.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. HSBC reiterated a "hold" rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. TD Cowen lifted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $163.00 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.52.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source