Foster & Motley Inc. Takes $8.49 Million Position in Procter & Gamble Company (The) $PG

Foster & Motley Inc. purchased a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,877 shares of the company's stock, valued at approximately $8,487,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Procter & Gamble in the 2nd quarter worth approximately $27,862,105,000. Norges Bank purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $4,664,783,000. Bank of New York Mellon Corp purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Procter & Gamble in the second quarter worth $1,480,650,000. Finally, Cardano Risk Management B.V. raised its holdings in shares of 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 worth $1,364,518,000 after acquiring an additional 8,731,126 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PG has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Barclays raised their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Finally, Citigroup dropped their price objective on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Trading Up 0.1%

Shares of NYSE:PG opened at $144.77 on Monday. The stock has a market capitalization of $336.51 billion, a PE ratio of 21.87, a P/E/G ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm has a fifty day moving average price of $147.73 and a 200 day moving average price of $148.66. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating 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 company 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 earnings per share. The business's revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

About Procter & Gamble

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.

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