Northern Trust Corp Acquires 248,792 Shares of Procter & Gamble Company (The) $PG

Key Points

• Northern Trust Corp has increased its holdings in Procter & Gamble by 0.8% during the first quarter, now owning 29,644,000 shares valued at approximately $5.05 billion.
• Procter & Gamble recently reported earnings of $1.48 per share, exceeding analysts' estimates of $1.42, and experiencing a net revenue increase of 1.7% year-over-year.
• The company announced a quarterly dividend of $1.0568, resulting in an annualized yield of 2.7% and a payout ratio of 64.82%.

Northern Trust Corp increased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,644,000 shares of the company's stock after purchasing an additional 248,792 shares during the quarter. Procter & Gamble makes up approximately 0.7% of Northern Trust Corp's holdings, making the stock its 17th largest holding. Northern Trust Corp owned about 1.26% of Procter & Gamble worth $5,051,930,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PG. Cladis Investment Advisory LLC lifted its holdings in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after purchasing an additional 236 shares during the last quarter. FAS Wealth Partners Inc. lifted its holdings in shares of Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after purchasing an additional 549 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Procter & Gamble by 120.7% during the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after purchasing an additional 199,258 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after purchasing an additional 4,562 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PG. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. BNP Paribas restated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday. Piper Sandler boosted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Evercore ISI restated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.94.

Procter & Gamble Trading Up 0.4%

Shares of PG stock opened at $154.30 on Monday. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm has a fifty day moving average price of $157.19 and a 200-day moving average price of $163.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The company has a market cap of $361.43 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 4.07 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $20.79 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's dividend payout ratio is currently 64.82%.

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.

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