Jupiter Asset Management Ltd. Has $2.14 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Jupiter Asset Management Ltd. reduced its holdings in Procter & Gamble Company by 91.4%, now owning 12,563 shares valued at $2.14 million.
• Procter & Gamble reported $1.48 EPS for the last quarter, exceeding analysts' estimates of $1.42, while its quarterly revenue increased 1.7% year-over-year.
• The company declared a new quarterly dividend of $1.0568 per share, with a dividend yield of 2.8%, and a dividend payout ratio of 64.98%.

Jupiter Asset Management Ltd. trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 91.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,563 shares of the company's stock after selling 133,512 shares during the period. Jupiter Asset Management Ltd.'s holdings in Procter & Gamble were worth $2,141,000 as of its most recent filing with the Securities and Exchange Commission.

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

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $150.65 on Monday. The business has a 50 day moving average price of $159.83 and a 200 day moving average price of $164.04. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a market cap of $353.20 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 3.98 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.56% 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 quarter last year, the company earned $1.40 EPS. The company's quarterly revenue was up 1.7% on a year-over-year basis. Research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Piper Sandler boosted their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Seven 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 stock. According to MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $175.88.

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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