HBK Sorce Advisory LLC Makes New $9.76 Million Investment in Procter & Gamble Company (The) $PG

HBK Sorce Advisory LLC acquired a new position 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. The institutional investor acquired 66,452 shares of the company's stock, valued at approximately $9,755,000. Procter & Gamble comprises 0.2% of HBK Sorce Advisory LLC's holdings, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. Carson Advisory Inc. grew its stake in Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company's stock valued at $1,738,000 after purchasing an additional 65 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company's stock worth $549,000 after purchasing an additional 67 shares in the last quarter. Cowa LLC boosted its holdings in shares of Procter & Gamble by 2.4% in the 4th quarter. Cowa LLC now owns 2,985 shares of the company's stock valued at $428,000 after buying an additional 70 shares during the last quarter. KLCM Advisors Inc. grew its stake in shares of Procter & Gamble by 0.9% in the first quarter. KLCM Advisors Inc. now owns 7,890 shares of the company's stock valued at $1,140,000 after buying an additional 70 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC grew its stake in shares of Procter & Gamble by 1.6% in the fourth quarter. Wheelhouse Advisory Group LLC now owns 4,438 shares of the company's stock valued at $639,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on PG shares. Argus lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Bank of America dropped their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a report on Friday, July 10th. Citigroup cut their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Barclays lifted their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Trading Up 1.3%

Shares of Procter & Gamble stock opened at $144.77 on Friday. 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 firm has a 50-day moving average of $147.73 and a 200-day moving average of $148.69. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The stock has a market cap of $336.51 billion, a PE ratio of 21.87, a PEG ratio of 4.40 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping 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 business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the firm earned $1.48 earnings per share. Procter & Gamble's revenue for the quarter 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, sell-side analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) 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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