Menora Mivtachim Holdings LTD. Invests $93.24 Million in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Menora Mivtachim Holdings LTD. invested approximately $93.24 million in Procter & Gamble, acquiring 547,135 shares during the first quarter.
• Procter & Gamble reported a quarterly EPS of $1.48, exceeding estimates, with revenue of $20.89 billion, marking a 1.7% year-over-year increase.
• The company recently declared a quarterly dividend of $1.0568 per share, translating to a 2.7% yield for shareholders.

Menora Mivtachim Holdings LTD. bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 547,135 shares of the company's stock, valued at approximately $93,243,000.

A number of other institutional investors have also recently modified their holdings of PG. Brighton Jones LLC lifted its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the period. Marshall Wace LLP raised its stake in shares of Procter & Gamble by 134.4% in the fourth quarter. Marshall Wace LLP now owns 179,672 shares of the company's stock worth $30,122,000 after buying an additional 103,024 shares during the period. GKV Capital Management Co. Inc. bought a new position in shares of Procter & Gamble in the fourth quarter worth about $67,000. Finally, Capital International Sarl raised its stake in Procter & Gamble by 34.7% during the 4th quarter. Capital International Sarl now owns 3,476 shares of the company's stock valued at $583,000 after purchasing an additional 896 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.4%

Shares of NYSE PG opened at $154.30 on Friday. The firm has a market cap of $361.43 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.37. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The business has a fifty day simple moving average of $157.19 and a two-hundred day simple moving average of $163.29.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion during 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 period in the previous year, the company posted $1.40 EPS. Analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is presently 64.98%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. JPMorgan Chase & Co. reissued 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. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. BNP Paribas restated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday. Finally, Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.94.

Procter & Gamble 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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