Procter & Gamble Company (The) (NYSE:PG) Holdings Raised by Mirabaud & Cie SA

Key Points

• Mirabaud & Cie SA increased its stake in Procter & Gamble by 87.8%, owning nearly 50,000 shares worth approximately $8.5 million, making it the company's 11th largest position.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, which translates to an annualized dividend of $4.23, yielding 2.8% for shareholders.
• Equities analysts have varied price target estimates for Procter & Gamble, with a consensus target price of $175.88, indicating a generally optimistic outlook for the stock.

Mirabaud & Cie SA boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 87.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,963 shares of the company's stock after buying an additional 23,352 shares during the quarter. Procter & Gamble makes up approximately 2.9% of Mirabaud & Cie SA's portfolio, making the stock its 11th largest holding. Mirabaud & Cie SA's holdings in Procter & Gamble were worth $8,515,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after buying an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG grew its position in Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after buying an additional 284,174 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Procter & Gamble by 3.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,139,026 shares of the company's stock worth $190,958,000 after purchasing an additional 40,080 shares during the period. Yoffe Investment Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $1,874,000. Finally, Conquis Financial LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $140,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PG shares. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research note on Thursday, May 1st. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Seven 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 company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $175.88.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $0.15 during trading on Monday, reaching $150.80. The stock had a trading volume of 7,676,418 shares, compared to its average volume of 8,907,945. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a market cap of $353.56 billion, a PE ratio of 23.16, a P/E/G ratio of 3.98 and a beta of 0.37. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The firm's 50 day moving average price is $159.83 and its two-hundred day moving average price is $164.04.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. Procter & Gamble's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $1.40 earnings per share. On average, research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's payout ratio 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.