LGT Fund Management Co Ltd. Has $12.86 Million Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• LGT Fund Management Co Ltd. increased its position in Procter & Gamble by 14.9% in Q1, owning a total of 75,461 shares worth approximately $12.86 million.
• Procter & Gamble reported Q1 earnings of $1.48 per share, beating analysts' expectations, with revenue of $20.89 billion.
• The company declared a quarterly dividend of $1.0568 per share, representing an annualized dividend yield of 2.7%.

LGT Fund Management Co Ltd. raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,461 shares of the company's stock after purchasing an additional 9,762 shares during the quarter. Procter & Gamble accounts for about 1.2% of LGT Fund Management Co Ltd.'s holdings, making the stock its 23rd biggest holding. LGT Fund Management Co Ltd.'s holdings in Procter & Gamble were worth $12,860,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Navigoe LLC acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $31,000. 10Elms LLP acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $34,000. Mizuho Securities Co. Ltd. grew its stake in 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 purchasing an additional 170 shares during the period. Finally, Sunbeam Capital Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $34,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on PG. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Wells Fargo & Company reduced their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Stock Performance

Shares of PG opened at $155.03 on Tuesday. The firm has a market cap of $363.13 billion, a PE ratio of 23.81, a PEG ratio of 4.05 and a beta of 0.37. The stock's fifty day moving average price is $158.01 and its two-hundred day moving average price is $163.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year 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 analysts' consensus estimates of $1.42 by $0.06. The company 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 firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

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.

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