Iyo Bank Ltd. Buys 24,210 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Iyo Bank Ltd. increased its holdings in Procter & Gamble by 85.8% during the first quarter, acquiring an additional 24,210 shares to reach a total of 52,430 shares valued at approximately $8.93 million.
• Procter & Gamble reported $1.48 earnings per share for the last quarter, exceeding analysts' expectations, with revenue totaling $20.89 billion, an increase of 1.7% year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, indicating a dividend yield of 2.7%, to be paid on August 15th.

Iyo Bank Ltd. increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 85.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,430 shares of the company's stock after acquiring an additional 24,210 shares during the period. Procter & Gamble comprises 2.9% of Iyo Bank Ltd.'s holdings, making the stock its 14th largest holding. Iyo Bank Ltd.'s holdings in Procter & Gamble were worth $8,935,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PG. Nuveen LLC bought a new position in Procter & Gamble in the 1st quarter valued at approximately $1,954,941,000. GAMMA Investing LLC lifted its stake in Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after purchasing an additional 7,913,335 shares during the last quarter. Capital Research Global Investors lifted its stake in Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after purchasing an additional 2,846,560 shares during the last quarter. Northern Trust Corp lifted its stake in Procter & Gamble by 10.1% in the 4th 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 last quarter. Finally, Invesco Ltd. lifted 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 purchasing an additional 2,228,151 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG traded up $0.56 during trading hours on Friday, hitting $154.30. The company's stock had a trading volume of 7,120,993 shares, compared to its average volume of 7,406,037. The business's 50-day moving average price is $157.19 and its 200-day moving average price is $163.29. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The stock has a market cap of $361.43 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 4.06 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 (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping 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 company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. Procter & Gamble's quarterly revenue was up 1.7% on a year-over-year basis. Sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Citigroup reduced their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Finally, BNP Paribas restated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.94.

Procter & Gamble Company 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.