Great Lakes Advisors LLC Sells 53,231 Shares of Procter & Gamble Company (The) $PG

Key Points

• Great Lakes Advisors cut its Procter & Gamble position by 15.4% in the second quarter, selling 53,231 shares and retaining 291,315 shares valued at approximately $42.7 million. Institutional investors collectively own 65.77% of PG.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $161.52; 13 analysts rate the stock a Buy and 11 recommend Hold.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion. The company also pays an annualized dividend of $4.35 per share, yielding about 3.0%.

Great Lakes Advisors LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,315 shares of the company's stock after selling 53,231 shares during the period. Great Lakes Advisors LLC's holdings in Procter & Gamble were worth $42,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Baxter Bros Inc. purchased a new position in shares of Procter & Gamble in the second quarter valued at about $12,381,000. Cibc World Market Inc. boosted its holdings in shares of Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after purchasing an additional 147,701 shares during the period. World Investment Advisors grew its stake in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company's stock worth $15,179,000 after purchasing an additional 14,492 shares during the last quarter. Resources Management Corp CT ADV grew its stake in shares of Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock worth $11,681,000 after purchasing an additional 24,010 shares during the last quarter. Finally, Indivisible Partners purchased a new position in Procter & Gamble during the 4th quarter valued at about $2,120,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PG. Barclays boosted their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Jefferies Financial Group raised their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Rothschild & Co Redburn decreased their price objective on shares of Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, April 27th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Stock Up 0.1%

Shares of NYSE:PG opened at $144.77 on Monday. The firm has a market capitalization of $336.51 billion, a P/E 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. The stock has a 50 day moving average price of $147.73 and a 200-day moving average price of $148.66. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

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

Procter & Gamble Announces Dividend

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

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.

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