Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Iyo Bank Ltd.

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. raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 85.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,430 shares of the company's stock after acquiring an additional 24,210 shares during the quarter. Procter & Gamble makes up about 2.9% of Iyo Bank Ltd.'s holdings, making the stock its 14th biggest holding. Iyo Bank Ltd.'s holdings in Procter & Gamble were worth $8,935,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Procter & Gamble by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $2,966,252,000 after purchasing an additional 583,629 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Procter & Gamble by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after purchasing an additional 208,991 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Procter & Gamble by 15.8% during 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 worth $2,728,430,000 after purchasing an additional 2,224,912 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of 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. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 1.0%

PG traded down $1.58 on Thursday, reaching $153.83. 6,342,893 shares of the company's stock were exchanged, compared to its average volume of 8,179,551. The company's 50 day moving average is $157.56 and its 200-day moving average is $163.48. The company has a market cap of $360.32 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 4.09 and a beta of 0.37. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter last year, the company earned $1.40 earnings per share. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is 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 (DPR) is presently 64.82%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

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.