Meiji Yasuda Asset Management Co Ltd. increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,414 shares of the company's stock after buying an additional 12,509 shares during the period. Procter & Gamble accounts for 1.0% of Meiji Yasuda Asset Management Co Ltd.'s portfolio, making the stock its 14th largest holding. Meiji Yasuda Asset Management Co Ltd.'s holdings in Procter & Gamble were worth $23,230,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of 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 purchasing an additional 150 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at $26,000. Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth $26,000. Park Square Financial Group LLC boosted its holdings in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Finally, Evolution Wealth Management Inc. increased its position in Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after buying an additional 171 shares during the last quarter. Institutional investors own 65.77% of the company's stock.
Procter & Gamble Stock Down 1.3%
PG stock opened at $143.18 on Friday. The stock has a market capitalization of $332.81 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 4.47 and a beta of 0.39. The company has a 50-day moving average of $147.25 and a two-hundred day moving average of $148.31. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current year.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble's payout ratio is 65.71%.
Insider Transactions at Procter & Gamble
In related news, insider Susan Street Whaley sold 2,238 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares of the company's stock, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the transaction, the insider owned 187,001 shares of the company's stock, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 6,627 shares of company stock worth $953,417. Insiders own 0.20% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Bank of America reduced their price target on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Royal Bank Of Canada reissued an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. HSBC restated a "hold" rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Jefferies Financial Group increased their price target on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a report on Friday, June 26th. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $149.00 price target on shares of Procter & Gamble in a research report on Monday. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.19.
View Our Latest Stock Analysis on Procter & Gamble
About Procter & Gamble
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Procter & Gamble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Procter & Gamble wasn't on the list.
While Procter & Gamble currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
