Mill Capital Management LLC Purchases New Holdings in Procter & Gamble Company (The) $PG

Key Points

• Mill Capital Management acquired 35,311 Procter & Gamble shares during the second quarter, valued at approximately $5.18 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, slightly exceeding estimates, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company’s quarterly dividend is $1.0885 per share, equivalent to an annualized $4.35 and a 3.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $161.52.

Mill Capital Management LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,311 shares of the company's stock, valued at approximately $5,178,000.

A number of other institutional investors have also recently bought and sold shares of PG. Vanguard Group Inc. boosted its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock worth $34,030,358,000 after buying an additional 2,829,151 shares during the last quarter. State Street Corp raised its position in Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock worth $14,563,008,000 after acquiring an additional 984,102 shares during the period. Geode Capital Management LLC raised its position in Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock worth $8,962,689,000 after acquiring an additional 1,974,556 shares during the period. Norges Bank purchased a new position in Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock valued at $4,243,815,000 after acquiring an additional 1,091,091 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG opened at $144.47 on Thursday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The stock's 50-day simple moving average is $147.94 and its 200 day simple moving average is $148.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The stock has a market capitalization of $335.82 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 4.42 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Research analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 65.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PG shares. Argus lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. BNP Paribas Exane reduced their price objective on Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.52.

About Procter & Gamble

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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