Kovitz Investment Group Partners LLC Buys 38,618 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Procter & Gamble by 20.6% during the first quarter, owning 225,795 shares valued at approximately $38.48 million.
• Procter & Gamble reported $1.48 earnings per share for the last quarter, surpassing estimates, with revenue reaching $20.89 billion, reflecting a 1.7% year-over-year increase.
• The company announced a quarterly dividend of $1.0568 per share, yielding 2.7%, which will be distributed on August 15, with a record date of July 18.

Kovitz Investment Group Partners LLC boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 20.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,795 shares of the company's stock after purchasing an additional 38,618 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Procter & Gamble were worth $38,480,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Navigoe LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $31,000. 10Elms LLP acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $34,000. Mizuho Securities Co. Ltd. boosted its position in shares of Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the period. Finally, Sunbeam Capital Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $34,000. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. JPMorgan Chase & Co. reissued 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. Finally, Citigroup reduced their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Price Performance

NYSE:PG opened at $155.37 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock's 50 day moving average price is $157.56 and its two-hundred day moving average price is $163.48. The firm has a market capitalization of $363.93 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 4.09 and a beta of 0.37. 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 released 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. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 earnings per share. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 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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