New Age Alpha Advisors LLC Grows Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• New Age Alpha Advisors LLC increased its position in Procter & Gamble by 73.1%, owning a total of 79,126 shares valued at approximately $13.5 million.
• Procter & Gamble recently reported earnings of $1.48 per share for the last quarter, surpassing estimates, and achieved revenue of $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, providing an annual yield of 2.8% for investors as of the record date in July.

New Age Alpha Advisors LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 73.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,126 shares of the company's stock after purchasing an additional 33,413 shares during the period. Procter & Gamble comprises 0.6% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 17th largest holding. New Age Alpha Advisors LLC's holdings in Procter & Gamble were worth $13,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PG. Cladis Investment Advisory LLC increased its stake in shares of Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after acquiring an additional 236 shares in the last quarter. FAS Wealth Partners Inc. increased its stake in shares of Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after acquiring an additional 549 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Procter & Gamble by 13.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after acquiring an additional 4,562 shares in the last quarter. World Investment Advisors increased its stake in shares of Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after acquiring an additional 2,886 shares in the last quarter. Finally, Sanders Capital LLC increased its stake in shares of Procter & Gamble by 1.4% in the 4th quarter. Sanders Capital LLC now owns 7,353,715 shares of the company's stock valued at $1,232,850,000 after acquiring an additional 104,168 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $0.54 during midday trading on Thursday, reaching $153.40. The company had a trading volume of 6,717,362 shares, compared to its average volume of 8,092,659. The company's 50 day moving average price is $158.59 and its 200 day moving average price is $163.74. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock has a market cap of $359.32 billion, a P/E ratio of 23.56, a P/E/G ratio of 4.03 and a beta of 0.37. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43.

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 analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 64.98%.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. Piper Sandler lifted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Bank of America decreased their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a research note 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.