Independent Advisor Alliance Decreases Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Independent Advisor Alliance has decreased its holdings in Procter & Gamble (NYSE: PG) by 2.2%, with a total of 138,024 shares valued at $23.5 million after selling 3,158 shares in Q1.
• A significant portion of Procter & Gamble's shares, approximately 65.77%, is owned by institutional investors, with notable increases in holdings reported by Northern Trust and Invesco.
• The company's recent quarterly earnings showed an EPS of $1.48, exceeding estimates, alongside a newly announced quarterly dividend of $1.0568 per share, equating to a yield of 2.8%.

Independent Advisor Alliance trimmed its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,024 shares of the company's stock after selling 3,158 shares during the quarter. Procter & Gamble makes up 0.8% of Independent Advisor Alliance's holdings, making the stock its 24th biggest position. Independent Advisor Alliance's holdings in Procter & Gamble were worth $23,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp increased its position in Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after buying an additional 2,703,757 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after buying an additional 583,629 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Procter & Gamble by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after acquiring an additional 208,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock worth $2,728,430,000 after acquiring an additional 2,224,912 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Procter & Gamble by 19.8% in the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after acquiring an additional 2,228,151 shares during the period. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on PG shares. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Truist Financial cut their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company reduced their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Stock Performance

Shares of PG opened at $153.55 on Monday. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market cap of $359.67 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.37. The stock has a 50-day moving average price of $158.26 and a 200-day moving average price of $163.66.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period in the previous year, the business posted $1.40 earnings per share. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 64.98%.

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.

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