Leeward Financial Partners LLC Purchases Shares of 21,198 Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Leeward Financial Partners LLC acquired a new stake in Procter & Gamble, purchasing 21,198 shares valued at approximately $3.6 million, making it the firm's 27th largest holding.
• Procter & Gamble reported $20.89 billion in revenue for the last quarter, exceeding analysts' expectations, and had an EPS of $1.48, beating consensus estimates by $0.06.
• The company announced a quarterly dividend of $1.0568 per share, which represents a yield of 2.8% with a dividend payout ratio of 64.98%.

Leeward Financial Partners LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 21,198 shares of the company's stock, valued at approximately $3,613,000. Procter & Gamble accounts for 1.3% of Leeward Financial Partners LLC's investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Procter & Gamble by 20,758.5% during the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after acquiring an additional 7,913,335 shares during the period. Capital Research Global Investors boosted its holdings in Procter & Gamble by 62.5% during 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 acquiring an additional 2,846,560 shares during the period. Northern Trust Corp boosted its holdings in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Procter & Gamble by 15.8% during the 4th 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 acquiring an additional 2,224,912 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in Procter & Gamble by 1,709.5% during the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock valued at $324,825,000 after acquiring an additional 1,895,421 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Raymond James Financial dropped their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wells Fargo & Company lowered their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Piper Sandler upped their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

Procter & Gamble Stock Up 0.0%

Shares of PG traded up $0.06 during trading hours on Friday, hitting $153.55. The company had a trading volume of 5,810,954 shares, compared to its average volume of 8,068,523. The company's fifty day moving average price is $158.26 and its two-hundred day moving average price is $163.68. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a market capitalization of $359.67 billion, a PE ratio of 23.59, a price-to-earnings-growth 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 (NYSE:PG - Get Free Report) last announced its earnings results 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 return on equity of 32.69% and a net margin of 18.95%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend 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.