MassMutual Private Wealth & Trust FSB Lowers Stock Position in Procter & Gamble Company (The) $PG

Key Points

• MassMutual Private Wealth & Trust FSB reduced its Procter & Gamble stake by 3.2% in the second quarter, selling 8,339 shares and retaining 254,820 shares valued at approximately $37.4 million. Institutional investors and hedge funds collectively own 65.77% of PG.
• Procter & Gamble reported quarterly earnings of $1.43 per share, exceeding estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $161.52.

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,820 shares of the company's stock after selling 8,339 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Procter & Gamble were worth $37,367,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. increased its stake in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC boosted its position in Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after buying an additional 71 shares during the period. Evolution Wealth Management Inc. grew its stake in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $26,000. Finally, Maseco LLP acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $28,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of PG opened at $144.85 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. The firm has a market cap of $337.31 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 4.44 and a beta of 0.39. The company's 50 day simple moving average is $147.72 and its 200-day simple moving average is $148.96. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The company's revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities analysts predict that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 24th. Procter & Gamble's dividend payout ratio is presently 65.71%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Rothschild & Co Redburn lowered their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, April 27th. Morgan Stanley decreased their price target on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating for the company in a report on Wednesday, April 22nd. Royal Bank Of Canada cut their target price on Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating on the stock in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Finally, TD Cowen raised their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $161.52.

Procter & Gamble Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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