Global Retirement Partners LLC Makes New $8.64 Million Investment in Procter & Gamble Company (The) $PG

Key Points

• Global Retirement Partners acquired 58,896 Procter & Gamble shares worth approximately $8.64 million in the second quarter. Institutional investors and hedge funds collectively own 65.77% of PG.
• Procter & Gamble exceeded quarterly EPS expectations, reporting $1.43 versus the $1.41 consensus, while revenue rose 1.5% year over year to $21.20 billion but fell short of estimates.
• The company maintains a quarterly dividend of $1.0885, equivalent to an annualized $4.35 payout and a 3.0% yield. Analysts give PG a “Moderate Buy” consensus rating with an average price target of $161.52.

Global Retirement Partners LLC purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,896 shares of the company's stock, valued at approximately $8,637,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PG. Cibc World Market Inc. boosted its position in shares of Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock valued at $73,351,000 after acquiring an additional 147,701 shares during the period. World Investment Advisors raised its stake in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company's stock valued at $15,179,000 after purchasing an additional 14,492 shares during the last quarter. Resources Management Corp CT ADV raised its stake in Procter & Gamble by 41.8% during the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock valued at $11,681,000 after purchasing an additional 24,010 shares during the last quarter. Indivisible Partners bought a new stake in Procter & Gamble in the 4th quarter valued at $2,120,000. Finally, Rokos Capital Management LLP bought a new stake in Procter & Gamble in the 1st quarter valued at $29,914,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $143.00 on Friday. The firm has a market cap of $332.39 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. The firm's 50-day simple moving average is $147.83 and its 200-day simple moving average is $148.72. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

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. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. 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 presently 65.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PG. UBS Group boosted their price objective on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a report on Monday, April 27th. BNP Paribas Exane reduced their target price on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Sanford C. Bernstein assumed coverage on Procter & Gamble in a report on Thursday, June 11th. They issued a "market perform" rating and a $156.00 price target for the company. Barclays raised their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets boosted 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. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.52.

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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