Invesco Ltd. Purchases 2,228,151 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Invesco Ltd. has increased its ownership in Procter & Gamble by 19.8%, acquiring 2,228,151 shares during the first quarter, bringing its total to 13,493,604 shares valued at approximately $2.3 billion.
• Procter & Gamble's quarterly earnings report revealed an EPS of $1.48, which exceeded expectations, along with revenues of $20.89 billion, marking a 1.7% increase year-over-year.
• The company recently declared a quarterly dividend of $1.0568 per share, translating to an annual yield of 2.8%, with a payout ratio of 64.98%.

Invesco Ltd. boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 19.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,493,604 shares of the company's stock after acquiring an additional 2,228,151 shares during the quarter. Procter & Gamble accounts for approximately 0.4% of Invesco Ltd.'s investment portfolio, making the stock its 26th biggest holding. Invesco Ltd. owned approximately 0.58% of Procter & Gamble worth $2,299,580,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in shares of Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Procter & Gamble by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after purchasing an additional 583,629 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Procter & Gamble by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock valued at $2,911,989,000 after purchasing an additional 208,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Procter & Gamble by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Procter & Gamble by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company's stock valued at $1,628,252,000 after purchasing an additional 267,534 shares during the period. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PG shares. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Raymond James Financial lowered their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Finally, Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $153.55 on Friday. The firm has a 50 day moving average of $158.26 and a 200-day moving average of $163.68. The stock has a market capitalization of $359.67 billion, a PE ratio of 23.59, a PEG ratio of 4.05 and a beta of 0.37. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43.

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 the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

About Procter & Gamble

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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