Procter & Gamble Company (The) (NYSE:PG) Position Increased by National Pension Service

Key Points

• The National Pension Service increased its stake in Procter & Gamble by 4.9%, acquiring an additional 220,892 shares in the first quarter, bringing its total ownership to 4,754,173 shares.
• Procter & Gamble reported a Q1 earnings per share of $1.48, exceeding the consensus estimate of $1.42, with revenue rising 1.7% year-over-year to $20.89 billion.
• The company recently declared a quarterly dividend of $1.0568 per share, translating to an annual yield of 2.7%, with a dividend payout ratio of 64.98%.

National Pension Service increased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,754,173 shares of the company's stock after acquiring an additional 220,892 shares during the period. Procter & Gamble makes up 0.8% of National Pension Service's investment portfolio, making the stock its 22nd largest position. National Pension Service owned about 0.20% of Procter & Gamble worth $810,206,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Procter & Gamble during the first quarter valued at approximately $1,954,941,000. GAMMA Investing LLC lifted its position in Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after buying an additional 7,913,335 shares in the last quarter. Capital Research Global Investors lifted its position in Procter & Gamble by 62.5% during the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after buying an additional 2,846,560 shares in the last quarter. Northern Trust Corp lifted its position in Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after buying an additional 2,703,757 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after buying an additional 2,228,151 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 1.0%

PG traded down $1.58 during trading on Thursday, hitting $153.83. The company had a trading volume of 6,342,893 shares, compared to its average volume of 7,504,851. The company has a market cap of $360.32 billion, a PE ratio of 23.63, a P/E/G ratio of 4.10 and a beta of 0.37. The business has a 50-day moving average of $157.38 and a 200-day moving average of $163.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Citigroup reduced their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $175.88.

About Procter & Gamble

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.