Foundations Investment Advisors LLC Has $11.60 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Foundations Investment Advisors LLC increased its stake in Procter & Gamble by 7.5%, acquiring an additional 4,764 shares, bringing its total holdings to 68,093 shares valued at approximately $11.6 million.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, to be paid on August 15th, 2023, representing an annualized dividend yield of 2.67%.
• According to recent analyst reports, the stock has an average price target of $176.12 with a consensus rating of "Moderate Buy" from various brokerages.

Foundations Investment Advisors LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,093 shares of the company's stock after purchasing an additional 4,764 shares during the quarter. Foundations Investment Advisors LLC's holdings in Procter & Gamble were worth $11,604,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Navigoe LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $31,000. Hoey Investments Inc. lifted its holdings in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Finally, Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Trading Down 1.0%

Shares of PG stock traded down $1.51 during mid-day trading on Thursday, reaching $151.37. 5,866,310 shares of the stock traded hands, compared to its average volume of 8,222,799. The stock's fifty day simple moving average is $160.43 and its two-hundred day simple moving average is $164.11. Procter & Gamble Company has a 1-year low of $150.16 and a 1-year high of $180.43. The company has a market cap of $354.90 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the firm posted $1.40 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts anticipate 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 will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 67.14%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research reports. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Raymond James Financial decreased their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Evercore ISI restated an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $175.88.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.