Mitsubishi UFJ Trust & Banking Corp Decreases Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Mitsubishi UFJ Trust & Banking Corp has reduced its stock position in Procter & Gamble by 0.6%, holding 1,501,698 shares worth approximately $255.9 million as of its latest SEC filing.
• The company reported a quarterly earnings per share of $1.48, exceeding analysts' expectations of $1.42, with a revenue of $20.89 billion for the quarter.
• Procter & Gamble recently declared a quarterly dividend of $1.0568 per share, translating to an annual yield of 2.8%, with the ex-dividend date set for July 18th.

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,501,698 shares of the company's stock after selling 8,321 shares during the period. Procter & Gamble comprises approximately 0.7% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its 22nd largest holding. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Procter & Gamble worth $255,919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirabaud & Cie SA increased its stake in Procter & Gamble by 87.8% in the first quarter. Mirabaud & Cie SA now owns 49,963 shares of the company's stock worth $8,515,000 after purchasing an additional 23,352 shares during the period. Endeavor Private Wealth Inc. increased its stake in Procter & Gamble by 683.7% in the first quarter. Endeavor Private Wealth Inc. now owns 3,472 shares of the company's stock worth $592,000 after purchasing an additional 3,029 shares during the period. Fiduciary Wealth Partners LLC purchased a new stake in Procter & Gamble in the first quarter worth $457,000. SPC Financial Inc. increased its stake in Procter & Gamble by 7.3% in the first quarter. SPC Financial Inc. now owns 11,496 shares of the company's stock worth $1,959,000 after purchasing an additional 781 shares during the period. Finally, UNIVEST FINANCIAL Corp increased its stake in Procter & Gamble by 8.8% in the first quarter. UNIVEST FINANCIAL Corp now owns 26,181 shares of the company's stock worth $4,462,000 after purchasing an additional 2,116 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $150.65 on Friday. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The stock's 50-day moving average is $159.83 and its 200 day moving average is $163.99. The company has a market cap of $353.20 billion, a P/E ratio of 23.14, a PEG ratio of 3.96 and a beta of 0.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.50.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 67.14%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. Truist Financial cut their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Citigroup cut their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Raymond James Financial cut their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, 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. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $175.88.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

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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