Grandfield & Dodd LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,046 shares of the company's stock, valued at approximately $17,604,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Procter & Gamble in the 2nd quarter worth $27,862,105,000. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Bank of New York Mellon Corp bought a new position in shares of Procter & Gamble during the second quarter valued at about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Procter & Gamble during the second quarter valued at about $1,480,650,000. Finally, 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 worth $1,364,518,000 after purchasing an additional 8,731,126 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Performance
Shares of PG stock opened at $144.77 on Friday. The firm has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 4.46 and a beta of 0.39. 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 Company has a 52 week low of $137.62 and a 52 week high of $167.25. The firm's 50-day simple moving average is $147.73 and its two-hundred day simple moving average is $148.69.
Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the firm earned $1.48 EPS. The company'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. As a group, equities analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's dividend payout ratio is presently 65.71%.
Analyst Ratings Changes
PG has been the subject of several analyst reports. Argus lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. HSBC restated a "hold" rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. BMO Capital Markets upped their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Wells Fargo & Company lifted their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, April 27th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $161.52.
Read Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Profile
(
Free Report)
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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