Procter & Gamble Company (The) $PG Stock Position Boosted by Horizon Investments LLC

Key Points

• Horizon Investments LLC increased its stake in Procter & Gamble by 10.4%, owning 24,011 shares valued at approximately $4.07 million.
• Procter & Gamble reported a quarterly earnings per share of $1.48, exceeding analyst expectations and reflecting a 1.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.0568 per share, yielding 2.7%, with the payment date set for August 15.

Horizon Investments LLC grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,011 shares of the company's stock after buying an additional 2,268 shares during the quarter. Horizon Investments LLC's holdings in Procter & Gamble were worth $4,067,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Navigoe LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $31,000. 10Elms LLP acquired a new position in shares of Procter & Gamble during the fourth quarter worth $34,000. Mizuho Securities Co. Ltd. lifted its position in shares of Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PG shares. Citigroup reduced their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. BNP Paribas reaffirmed an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday. Finally, Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.94.

Procter & Gamble Stock Performance

PG stock traded up $0.56 during midday trading on Friday, reaching $154.30. The company had a trading volume of 7,120,993 shares, compared to its average volume of 7,395,259. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $157.19 and a 200 day moving average price of $163.24. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The firm has a market capitalization of $361.43 billion, a PE ratio of 23.70, a P/E/G ratio of 4.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its 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 32.69% and a net margin of 18.95%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. Analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio is currently 64.82%.

Procter & Gamble 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.